Fabien MERCIER

Microfoundations of the Network Effect

• Broschiertes Buch

Produktbeschreibung

The industrial organisation literature typically assumes ex-ante utility functions to quantify the network effects of the various industries it models. In this book we present a simple analytical model which uses an explicit graph-theoretic modelling to simulate these network effects. The network effects it describes are fairly general since they are a mix of pure network effects - being able to link to more agents - and of potential cost-reductions stemming from decreasing marginal costs of the network infrastructure. The model can be applied to a variety of situations, such as telecommunication networks, the current Central Security Depositories network of cross-border links, or, alternatively, its associated custodian network. We derive close-forms of a (quadratic) network effect from the model. In particular it allows to quantify the advantage of a given individual to join a given network, and to split up analytically the various benefits expected from the network. We derive closed-form formulas in the case of homogeneous network and present the algorithms needed for Monte-Carlo simulations for the non-homogeneous case.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 68
• Erscheinungstermin: 31. Juli 2017
• Englisch
• Abmessung: 220mm x 150mm x 5mm
• Gewicht: 119g
• ISBN-13: 9786202010245
• ISBN-10: 620201024X
• Artikelnr.: 48988293

Autorenporträt

Ancien magistérien de l'Ecole Normale Supérieure de Lyon, FabienMercier a effectué sa thèse de Mathématiques en théorie desgraphes, sous l'égide du célébrissime Adrian Bondy. On y retrouvedes problèmes variés dans les graphes orientés et dans lesgraphes colorés, dont l'intérêt mais aussi l'esthétisme ne fontpas de doutes.