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http://worldcat.org/entity/work/id/12975612

Compatability and pricing with indirect network effects : evidence from ATMs

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  • ""Incompatibility in markets with indirect network effects can affect prices if consumers value "mix and match" combinations of complementary network 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 during which higher ATM fees increased incompatibility between ATM cards (which are bundled with deposit accounts) and other banks' ATM machines. A series of hedonic regressions suggests that incompatibility strengthens the relationship between deposit account pricing and own ATMs, and weakens the relationship between deposit account pricing and competitors' ATMs. The effects of incompatibility are stronger in areas with high population density, suggesting that high travel costs increase both the strength of network effects and the importance of incompatibility in ATM markets"--National Bureau of Economic Research web site."
  • ""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."
  • "Incompatibility in markets with indirect network effects can affect prices if consumers value "mix and match" combinations of complementary network 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 during which higher ATM fees increased incompatibility between ATM cards (which are bundled with deposit accounts) and other banks' ATM machines. A series of hedonic regressions suggests that incompatibility strengthens the relationship between deposit account pricing and own ATMs, and weakens the relationship between deposit account pricing and competitors' ATMs. The effects of incompatibility are stronger in areas with high population density, suggesting that high travel costs increase both the strength of network effects and the importance of incompatibility in ATM markets."

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  • "Compatibility and pricing with indirect networrk effects : evidence from ATMs"
  • "Compatability and pricing with indirect network effects : evidence from ATMs"@en
  • "Compatibility and pricing with indirect network effects: evidence from ATM's"
  • "Comptability and pricing with indirect network effects : evidence from ATMs"
  • "Compatibility and pricing with indirect network effects : evidence from ATMs"@en
  • "Compatibility and pricing with indirect network effects : evidence from ATMs"
  • "Compatibility and pricing with indirect network effects: evidence from ATMs"
  • "Compatibility and pricing with indirect network effects evidence from atms"
  • "Compatibility and Pricing with Indirect Network Effects : Evidence from ATMs"
  • "Compatibility and pricing with indirect network effects evidence from ATMs"@en
  • "Compatibility and Pricing with Indirect Network Effects Evidence from ATMs"
  • "Compatibility and Pricing with Indirect Network Effects Evidence from ATMs"@en
  • "Compatibility and pricing with indirect network effects evidence from ATMs (with Chris Knittel)"

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