The literature on networks suggests that the value of a network is positively affected by the number of geographically dispersed locations it serves (the quot;network effectquot;) and the number of its users (the quot;production scale effectquot;). We show that as a result a firm's expected time...

The literature on networks suggests that the value of a network is positively affected by the number of geographically dispersed locations it serves (the "network effect") and the number of its users (the "production scale effect"). We show that as a result a firm's expected time until adoption...

The literature on networks suggests that the value of a network is positively affected by the number of geographically dispersed locations it serves (the "network effect") and the number of its users (the "production scale effect"). We show that as a result a firm's expected time until adoption...

The networks literature suggests a network's value increases in the number of locations it serves (the "network effect") and the number of its users (the "production scale effect"). We show this implies a firm's expected time until adoption of a network technology declines in both users and...

We present and test an explanation for lags in the adjustment of wholesale gasoline prices to changes in crude oil prices. Our simple model with costly adjustment of production and inventories implies that output prices will respond with a lag to cost shocks even in the absence of menu costs,...