Market with Complementary Goods: Compatibility factor of Social Welfare

Student: De Khyn de

Supervisor: Emiliano Catonini

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2019

This paper investigates the social impact of complementary good's compatibility using the Salop Circular city model and the one made by Carmen Matutes and Pierre Regibeau. More precisely, it examines whether or not entrant should be compatible to the incumbents and how his decision will affect the welfare of producers and consumers. All this is made to study standardization problem discussed by economists.

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