298 research outputs found
Standards Competition In The Presence Of Digital Conversion Technology:An Empirical Analysis Of The Flash Memory Card Market
Both theoretical and empirical evidence suggest that in markets with
standards competition, strong network effects can make the strong grow
stronger and, in some circumstances, even 'tip' the market towards a
single, winner-take-all standard. We theorize that in the presence of
low cost conversion technologies and digital content, the tendency
towards market dominance can be lessened to the point where multiple
incompatible standards are viable. Our hypotheses are empirically
examined in the context of the flash memory card market where both
network effects and high quality conversion are present. The results
show that the availability of digital converters reduces the price
premium of the leading flash card formats more than of the minority
formats. Therefore, producers of the non-dominant standards can be
better off with the provision of conversion technology as this
technology neutralizes the impact of network effects that would have
otherwise been more potent. We discuss both the social and private
implications of our findings
Donation Acknowledgement from the University of Pittsburgh\u27s Cathedral of Learning; May 4, 1925
A reproduction of the original Certificate acknowledging Ivorey Cobb\u27s donation of 10 cents gifted to the building fund of the University of Pittsburgh\u27s Cathedral of Learning.https://scholars.unh.edu/cobb_certificates/1002/thumbnail.jp
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