Search Result

Srl

Item

ID: 125686

Diffusion process of stationary fuel cells in a two-sided marke / Heinz, B; Graeber, M; Praktiknjo, A J

Heinz, B	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2013.

Summary/Abstract

This paper presents an innovative approach to promote the hydrogen economy based on the two-sided markets theory. In the hydrogen economy, the hydrogen is delivered to the customers and is then converted into electricity and heat by fuel cells. This environmentally friendly decentralized power network consists of fuel cell manufacturers, hydrogen producers, and the purchasers of fuel cells and hydrogen. We present the specific characteristics of networks - two-sided market effects - and describe their effectiveness of establishing a network. Because the coordination of these effects additionally helps to implement the hydrogen economy locally, we consider an intermediary in the network. To fulfil this task we model a Bass diffusion process of fuel cells and hydrogen producers. The simulations indicate that including and coordinating the network effects can accelerate the diffusion of fuel cells and hydrogen supply significantly-fuel cell installations can be doubled in the first 5 years.

Key Words

Hydrogen Economy ; Network Effects ; Two - Sided Markets

In Basket

Export

ID: 112320

Oil market structure, network effects and the choice of currenc / Mileva, Elitza; Siegfried, Nikolaus

Mileva, Elitza	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2012.

Summary/Abstract

Crude oil is a homogeneous good traded on specialised exchanges and quoted and invoiced predominantly in US dollars. Despite the strong case for the use of the US dollar as a vehicle currency in the oil trade, we provide an alternative view. We develop a simple network effects model to identify the conditions under which either a complete switch in the oil invoicing currency or parallel invoicing in different currencies is possible and economically sensible. We calibrate the model using low actual values for the transaction costs of using euro and/or US dollars, as well as a proxy for information costs, which decline with the increase in the use of the new currency. The results show that there will be a switch to parallel invoicing in both currencies when two conditions are met: first, oil exporters expect that a certain minimum number of other oil exporters will also start using the new currency; and second, the information costs associated with quoting oil contracts in two currencies are low.

Key Words

Oil Trade ; Trade Invoicing ; Network Effects

In Basket

Export