Smart Entry Strategies for Markets with Switching Costs

Bartholomae, Florian; Morasch, Karl; Tóth, Rita Orsolya

doi:10.1007/978-3-642-20009-0_11

Operations Research Proceedings

2011

DOI: 10.1007/978-3-642-20009-0_11

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Smart Entry Strategies for Markets with Switching Costs

Florian Bartholomae

Karl Morasch

Rita Orsolya Tóth

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Cited by 3 publications

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Networks, Hackers, and Nonprotected Consumers

Bartholomae

2013

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractIn this paper a network model is developed in which three players sequentially choose their strategies. In the first stage, a profit-maximizing network firm chooses the price and thus the size of the network. In the second stage the consumers decide whether to join in the network or not. In the last stage a hacker has the opportunity to hack the network and cause damage to the consumer. The success of hacking is based on the protection of the customers. Whereas in the first part of the paper this is given exogenously it is endogenized later on. In an extension, the utility of the hacker as well as the consumers includes psychological costs, thus allowing some further insights.Finally, policy implications are given implying better international cooperation of the law enforcement authorities.

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Networks, Hackers, and Nonprotected Consumers

Bartholomae

2013

SSRN Journal

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A Further View on Current Account, Capital Account and Target2 Balances: Assessing the Effect on Capital Structure and Economic Welfare

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Sauer

2011

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Is the Eurozone Not a Monetary Union, But an Extraordinary Exchange Rate Union?

Sauer

Sell

2013

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThe Target imbalances within the Eurozone can be interpreted as a sign of a missing balance of payments adjustment mechanism for the member countries. As the Eurozone lacks a fiscal union, in economic theory it is more an exchange rate union or a system of fixed exchange rates than a monetary union. In the latter, there would not be any national balances of payments, but only one for the whole Eurozone. This paper will show why the Target System is a crucial indicator for the Eurozone not being a monetary union, but an exchange rate union and why countries holding Target liabilities against the European System of Central Banks can be compared to a reserve currency country, e.g. like the US during the Bretton-Woods-System.

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Smart Entry Strategies for Markets with Switching Costs

Cited by 3 publications

References 0 publications

Networks, Hackers, and Nonprotected Consumers

Networks, Hackers, and Nonprotected Consumers

A Further View on Current Account, Capital Account and Target2 Balances: Assessing the Effect on Capital Structure and Economic Welfare

Is the Eurozone Not a Monetary Union, But an Extraordinary Exchange Rate Union?

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