Goolsbee, Austan; Klenow, Peter J - In: Journal of Law and Economics 45 (2002) 2, pp. 317-43
In this paper we examine the importance of local spillovers--such as network externalities and learning from others--in the diffusion of home computers. We use data on 110,000 U.S. households in 1997. Controlling for many individual characteristics, we find that people are more likely to buy...