A Dynamic Capital Accumulation Model in Markets with Network Externality

Autor:	Ming Qing Xing
Rok vydání:	2010
Předmět:	Marginal cost business.industry Venture capital Microeconomics Market research symbols.namesake Capital accumulation Nash equilibrium Differential game Economics symbols Monopoly business Network effect
Zdroj:	2010 International Conference on Management and Service Science.
DOI:	10.1109/icmss.2010.5577038
Popis:	We propose a differential game model in markets with network externalities where two firms compete in capital accumulation by investing. We obtain the following findings: (i) when the marginal costs are equal across firms, the capacities and investment efforts at the steady states increase with network intensity and compatibility parameters for both firms; (ii) when the marginal costs differ across firms, the capacity and investment effort for firm with low (resp. high) marginal cost at the steady states may decrease with compatibility (resp. network intensity) parameter when substitutability is big enough.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e44118f585dd67d408c390ba179c42fd https://doi.org/10.1109/icmss.2010.5577038 Zobrazit plný text záznamu