Login per gli autori
Agliardi, Elettra ; Bebbington, Mark S.
(1992)
Self-Reinforcing Mechanisms and Market Information.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 19.
DOI 10.6092/unibo/amsacta/5223.
In: Quaderni - Working Paper DSE
(137).
ISSN 2282-6483.
Full text disponibile come:
Anteprima |
Documento di testo(pdf)
Licenza: Creative Commons Attribution Non-commercial 3.0 (CC BY-NC 3.0) Download (187kB) | Anteprima |
Abstract
We consider the possibility of switching between two technological standards when there are network externalities and imprecise market information. Multiple equilibria in terms of market shares can arise. The main result is that lock-in to one of multiple equilibria is not a permanent out- come when the source of lock-in is network externalities. The market lingers at prevalence of one standard with intermittent transitions to prevalence of the other. In other words, lock-in is a temporary occurrence.
Abstract
Altri metadati
Statistica sui download
Statistica sui download
Gestione del documento:
