MARC Record from Library of Congress

LEADER: 01933cam a22002777a 4500
001 2004620112
003 DLC
005 20130531100840.0
007 cr |||||||||||
008 040930s2003 ilu sb f000 0 eng
010 $a 2004620112
040 $aDLC$cDLC
050 00 $aHG2401
100 1 $aKnittel, Christopher R.
245 10 $aCompatibility and pricing with indirect network effects$h[electronic resource] :$bevidence from ATMs (with Chris Knittel) /$cChristopher R. Knittel and Victor Stango.
260 $a[Chicago, Ill.] :$bFederal Reserve Bank of Chicago,$c[2003]
490 1 $aWorking paper series ;$vWP-2003-33
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 9/30/2004.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Incompatibility in markets with indirect network effects can reduce consumers ́will- ingness to pay if they value "mix and match" combinations of complementary network components. For integrated firms selling complementary components, incompatibility should also strengthen the demand-side link between components. In this paper, we examine the effects of incompatibility using data from a classic market with indirect network effects: Automated Teller Machines (ATMs). Our sample covers a period dur-ing which higher ATM fees increased incompatibility between ATM cards and other banks' ATM machines. We find that incompatibility led to lower willingness to pay for deposit accounts. We also find that incompatibility benefited firms with large ATM fleets"--Federal Reserve Bank of Chicago web site.
700 1 $aStango, Victor.
830 0 $aWorking paper series (Federal Reserve Bank of Chicago. Research Department : Online) ;$vWP-2003-33.
856 40 $uhttp://www.chicagofed.org/economic_research_and_data/wp_abstract.cfm?pubsID=589