Web & economy
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Most Networks Interconnect | Jon Steinberg
Network effects are poorly understood. In most cases, networks tend to merge and interconnect. One network may become dominant, but even the dominant player tends to interconnect at some point, as opposed to try and simply kill off competitors.
Pricing strategy
The Idea in Brief If you listed the blockbuster offerings that have redefined the global business landscape, you’d find that many tie together two distinct groups of users. HMOs, for instance, link patients to health-care providers. Search engines join Web surfers and advertisers.
Strategies for Two-Sided Markets - Harvard Business Review
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Economists the new hot job category for Silicon Valley tech companies - San Jose Mercury News
Yahoo! economist rebuilds ad empire with 'Magic Formula' • The Register
Yahoo! CEO Carol Bartz owns a sweatshirt emblazoned with Preston McAfee's math. McAfee is an economist, but he's the sort of economist who's actually useful. In the early-90s, he helped build the simultaneous ascending auction , a mathematical contraption that governments across the globe have since used to license over $100 million in wireless spectrum. And nowadays, as the man who oversees the microeconomics and social sciences research group at Yahoo!, he builds things that are so useful, they wind up on the boss's chest.
Every week it seems like the debate over access to, portability of and privacy over user data on the social web has reached new heights. It's only going to get louder though, just as discussions about other forms of economics will never be resolved. That's a part of what's going on, economics. This is an information economy, after all, and user data is clearly one of the most important currencies in circulation. User data has been sold by ISPs, leveraged by ad networks and horded by social networks for years. Now, users are storming the castle to recapture their own booty.
Towards a Value-Added User Data Economy
Techonomics
Diagram showing the network effect in a few simple phone networks. The lines represent potential calls between phones. In economics and business , a network effect (also called network externality or demand-side economies of scale ) is the effect that one user of a good or service has on the value of that product to other people. When network effect is present, the value of a product or service is dependent on the number of others using it. [ citation needed ] [ edit ] Overview
Network effect - Wikipedia, the free encyclopedia
