Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/71205 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
Reihe Ökonomie / Economics Series No. 120
Verlag: 
Institute for Advanced Studies (IHS), Vienna
Zusammenfassung: 
The paper presents a model of a software monopolist who benefits from a lagged network externality arising from consumers' feedback through the so-called bug-fixing effect. That is, the software producer is able to correct errors in the software code detected by previous users, improving her products over time. Another feature of the model is that it responds to the short life cycle of software products, implying time-of-purchase depending utility functions, which are in contrast to the usual durable goods models. Both of these modifications are incorporated in a standard two-periods durable goods monopoly, analysing questions of introductory pricing and quantity rationing. The model suggests that neither of these two instruments is able to explain why we see so much free software in the markets.
Schlagwörter: 
software monopoly
lagged network externality , introductory pricing
rationing
JEL: 
L12
L86
D42
D45
Dokumentart: 
Working Paper

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