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Connections SIGNED

Oligopoly Markets and Networks

Total Cost €

0

EC-Contrib. €

0

Partnership

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Project "Connections" data sheet

The following table provides information about the project.

Coordinator
LONDON BUSINESS SCHOOL 

Organization address
address: REGENT S PARK
city: LONDON
postcode: NW1 4SA
website: www.london.edu

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Total cost 829˙000 €
 EC max contribution 829˙000 € (100%)
 Programme 1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC))
 Code Call ERC-2016-COG
 Funding Scheme ERC-COG
 Starting year 2017
 Duration (year-month-day) from 2017-06-01   to  2022-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    LONDON BUSINESS SCHOOL UK (LONDON) coordinator 706˙800.00
2    EUROPEAN UNIVERSITY INSTITUTE IT (FIESOLE) participant 122˙200.00

Map

 Project objective

Via our connections we learn about new ideas, quality of products, new investment opportunities and job opportunities. We influence and are influenced by our circle of friends. Firms are interconnected in complex processes of production and distribution. A firm’s decisions in a supply chain depends on other firms’ choices in the same supply chain, as well as on firms' behaviour in competing chains. Research on networks in the last 20 years has provided a series of tolls to study a system of interconnected economic agents. This project will advance the state of the art by further developing new applications of networks to better understand modern oligopoly markets.

The project is organised into two sub-projects. In sub-project 1 networks will be used to model diffusion and adoption of network goods. Different consumers' network locations will summarise different consumers' level of influence. The objectives are to understand how firms incorporate information about consumers' influence in their marketing strategies—pricing strategy and product design. It will provide a rigorous framework to evaluate how the increasing ability of firms to gather information on consumers’ influence affects outcomes of markets with network effects. In sub-project 2 networks will be used to model how inputs—e.g., intermediary goods and patents—are combined to deliver final goods. Possible applications are supply chains, communication networks and networks of patents. The objectives are to study firms' strategic behaviour, like pricing and R&D investments, in a complex process of production and distribution, and to understand the basic network metrics that are useful to describe market power. This is particularly important to provide a guide to competition authorities and alike when they evaluate mergers in complex interconnected markets.

 Publications

year authors and title journal last update
List of publications.
2019 Matthew Elliott, Andrea Galeotti
The role of networks in antitrust investigations
published pages: 614-637, ISSN: 0266-903X, DOI: 10.1093/oxrep/grz022
Oxford Review of Economic Policy 35/4 2020-01-29
2019 Itay P Fainmesser, Andrea Galeotti
Pricing Network Effects: Competition
published pages: , ISSN: 1945-7669, DOI: 10.2139/ssrn.2874886
SSRN Electronic Journal 2020-01-29
2018 Daniele Condorelli, Andrea Galeotti, Vasiliki Skreta
Selling through referrals
published pages: 669-685, ISSN: 1058-6407, DOI: 10.1111/jems.12251
Journal of Economics & Management Strategy 27/4 2020-01-29

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The information about "CONNECTIONS" are provided by the European Opendata Portal: CORDIS opendata.

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