Durable Goods Monopoly with Network Externalities with Application to the PC Operating Systems Market
AbstractWe analyze a model of multi-period monopoly in durable goods. Taking into consideration the special conditions of software markets, we assume that there are no used software markets and that manufacturers stop selling older software when they introduce a replacement model. We show that nominal as well as discounted (real) prices decrease over time but are above costs, thereby violating the Coase conjecture.
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Bibliographic InfoPaper provided by New York University, Leonard N. Stern School of Business- in its series New York University, Leonard N. Stern School Finance Department Working Paper Seires with number 99-17.
Length: 13 pages
Date of creation: 1999
Date of revision:
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Postal: U.S.A.; New York University, Leonard N. Stern School of Business, Department of Economics . 44 West 4th Street. New York, New York 10012-1126
Phone: (212) 998-0100
Web page: http://w4.stern.nyu.edu/finance/
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MONOPOLIES ; EXTERNALITIES ; MARKET STRUCTURE;
Other versions of this item:
- Nicholas Economides, 1999. "Durable Goods Monopoly with Network Externalities with Application to the PC Operating Systems Market," Working Papers 99-17, New York University, Leonard N. Stern School of Business, Department of Economics.
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- D4 - Microeconomics - - Market Structure and Pricing
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