Henkel, Joachim; Block, Jörn - In: Journal of Evolutionary Economics 23 (2013) 5, pp. 925-953
Network externalities spur the growth of networks and the adoption of network goods in two ways. First, they make it …—which, for small networks, can amount to a large relative increase. The difference between small, local, personal networks and … large, global, anonymous networks arises endogenously from our analysis. Fundamentally, the first type of networks is “tie …