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Mutually reinforcing patterning mechanisms

✍ Scribed by Alvarez-Buylla, Elena R.; Benítez, Mariana; Espinosa-Soto, Carlos


Book ID
109959529
Publisher
Nature Publishing Group
Year
2011
Tongue
English
Weight
119 KB
Volume
12
Category
Article
ISSN
1471-0072

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Self-reinforcing mechanisms and market i
✍ E. Agliardi; M.S. Bebbington 📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 822 KB

We consider the possibility of switching between two technological standards when there are network externalities and imprecise market information, by modeling the decisions of each firm by a stochastic process. Necessary and sufficient conditions for there to be multiple equilibria in market share,