Week 10 Slides - 42001 Competitive Strategy Eric Budish Lecture 10 Network Effects II Standards Wars of Attrition and Platform Competition 1 Plan for

Week 10 Slides - 42001 Competitive Strategy Eric Budish...

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1 42001: Competitive Strategy Eric Budish Lecture 10. Network Effects II: Standards, Wars of Attrition, and Platform Competition
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Plan for Today Lecture Break Case: App Stores Course Wrapup 2
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A Few Auction Games Auction 1 Prize: a $20 bill Auction format: standard open outcry auction Bidding is voluntary Bidding starts at $1, increments of $1 Bid by calling out the dollar amount Auction ends when no new bidders High bidder wins, pays her bid amount We are playing for real money. We’ll settle up at the break. 3
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