Market-Dependent Preferences, Positive and Negative Network Effects and Welfare
Date : Mardi | 2023-03-28 à 12h30 Lieu : Salle des thèses Yassine BADRA (Panthéon – Assas University) This article specifies the conditions on the utility function and on the cost function for which congestion or production overcapacity emerge in a market when information is perfect and prices are flexible. Consumers are of two types: some appreciate a large production markets, some don’t. A typology underlines the shape of utility functions and cost functions which generates an optimal production overcapacity […]