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This paper aims to study the lock-in strategy adopted by firms in network industries from the perspective of network effects. By introducing the network effects theory and corresponding lock-in model, it studies the rationale and practicality of lock-in strategy in network industries. Using Tencent QQ as an example, the theoretical conclusion of lock-in is applied in specific case study. It concludes...
As the economic system gets more interconnected and complex, the conventional economics based on diminishing returns and negative feedbacks are facing tremendous challenges. Multiple-equilibria, lock-in and inefficient path dependence are often witnessed. This paper aims to study the network economic system with non-linear positive feedback from theory to application. Starting from the concept of...
This paper aims to study the impact of network effects on the market structure of network industries. It starts from the concept of "network effects" and then extends to a simplified model of market structure and the empirical test of China's Internet industries. It draws the conclusion that the market structure of network industries with strong network effects tends to be more concentrated...
Against the backdrop of widespread networks in the modern world, this paper aims to study the transformation of network economic system in general and its market structure in specific. It is organized in the mode of "concept introduction-model setup-empirical study". Starting from the concept of "network effects", it is then extended to a simplified model of market structure and...
With the progress of technology, intellectual property protection has evolved from a pure public policy to a combination of technical means and policy measures. The existence of network effects makes the issue even more complicated. Through mathematical and analytical tools, this paper seeks to analyze the optimal level of intellectual property protection in presence of network effects. Overall, it...
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