A model of experimentation with information externalities
β Scribed by Rolando M. Guzman; Gustavo Ventura
- Publisher
- Elsevier Science
- Year
- 1998
- Tongue
- English
- Weight
- 193 KB
- Volume
- 23
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
I examine a model with two sectors of production: consumption and investment. In the model, indeterminacy of equilibria results due to the presence of small sector-speci"c externalities in production. In fact, I "nd that indeterminacy results with a certain, minimum value of the externality in the i
## Abstract This paper develops a new diffusion model that incorporates the indirect network externality. The market with indirect network externalities is characterized by twoβway interactive effects between hardware and software products on their demands. Our model incorporates twoβway interactio