On platforms,incomplete contracts,and open source software |
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Authors: | Andras Niedermayer |
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Institution: | Economics Department, University of Mannheim, L7, 3-5, D-68131 Mannheim, Germany |
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Abstract: | We analyze investment incentives for a firm A owning a software platform and an application and a firm B deciding whether to develop a new application for the platform. While B's entry helps the success of the platform, B fears ex post expropriation by A and is hence reluctant to enter and invest. We show that different platform governance structures prevalent in the Information and Communication Technology industry (integrated, proprietary, standardized, open source platform) serve to balance investment incentives for the platform and for the applications. |
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Keywords: | C70 D23 L13 L22 L86 |
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