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AA00260492-20170000-0019  
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Title
Title On an endogenous leader- follower relationship and network compatibility  
Kana  
Romanization  
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Title  
Kana  
Romanization  
Creator
Name 利光, 強  
Kana トシミツ, ツヨシ  
Romanization Toshimitsu, Tsuyoshi  
Affiliation 関西学院大学経済学部  
Affiliation (Translated) School of Economics, Kwansei Gakuin University  
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Place
Tokyo  
Publisher
Name Keio Economic Society, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 2017  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
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Source Title
Name Keio economic studies  
Name (Translated)  
Volume 53  
Issue  
Year 2017  
Month  
Start page 19  
End page 38  
ISSN
00229709  
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Abstract
We consider an endogenous leader-follower relationship in a network goods market, such as those found in the information and communication technology industries, where we observe network externalities and product compatibility (hereafter, network compatibility effects). Using the framework of an endogenous timing game, we examine how network compatibility effects affect strategic relationships between firms and the leader-follower relationship. In particular, we demonstrate that if there are sufficient asymmetric network compatibility effects between the firms, there is a unique subgame perfect Nash equilibrium in the endogenous timing game, where the firm providing the product with a large (small) network compatibility effect becomes a leader (follower) in the case of quantity competition. However, in the cases of price competition and quantity competition with consumers' ex ante expectations for network size, the reverse result arises.
 
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Keyword
Simultaneous-move game  

sequential-move game  

endogenous timing game  

network externality  

product compatibility  

product substitutability  
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Language
英語  
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Journal Article  
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Jul 26, 2018 16:46:44  
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Jul 26, 2018 16:46:44  
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Jul 26, 2018    インデックス を変更
 
Index
/ Public / Faculty of Economics / Keio economic studies / 53 (2017)
 
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