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Self-reinforcing mechanisms and interactive behaviour

โœ Scribed by Elettra Agliardi; Mark Bebbington


Book ID
116101826
Publisher
Elsevier Science
Year
1994
Tongue
English
Weight
520 KB
Volume
46
Category
Article
ISSN
0165-1765

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๐Ÿ“œ SIMILAR VOLUMES


Self-reinforcing mechanisms and market i
โœ E. Agliardi; M.S. Bebbington ๐Ÿ“‚ Article ๐Ÿ“… 1997 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 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,