This paper estimates the importance of network effects in the market for Yellow Pages. I estimate three simultaneous … advertising, implying a network effect. I find that internalizing network effects would significantly increase surplus. As an … application, I consider whether the market benefits from monopoly (which takes advantage of network effects) or oligopoly (which …

adoption and growth in a setting which incorporates positive network externalities. The resulting stock market bubble, induced … attributed to network formation. Under the proposed framework, uncertainty may improve long-term growth. Associating a productive …

network effects of US monetary policy on the industry level. Second, we account for cross-sectional heterogeneity and cluster … network effects varies strongly over time. In particular, US recessions tend to coincide with periods where between 40 to 60 … percent of the overall effects can be attributed to network effects; expansionary economic episodes show muted network effects …

obtain a network structure. Subsequent studies combined the estimated networks with traditional pricing or risk measurement …