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We model a situation in which agents must choose between two technologies that operate under local, positive network externalities. We find that decentralized behavior can lead to the emergence of a technical standard but can also result in a variety of other equilibria. Policy to eliminate...
Persistent link: https://www.econbiz.de/10014215527
We model a situation in which agents must choose between two technologies that operate under local, positive network externalities. We find that decentralized behaviour can lead to the emergence of a technical standard, but can also result in a variety of other equilibria. Policy to eliminate...
Persistent link: https://www.econbiz.de/10005396154