?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4499%2F&rft.title=Network+Externalities+and+Path+Dependent+Consumer+Preferences&rft.creator=Keilbach%2C+M.&rft.description=Commodities+of+high+technological+level+play+an+increasingly+important+role+in+the+economy.+The+market+of+these+commodities+can+exhibit+network+externalities+if+different+standards+compete.+This+is+due+to+the+fact+that+the+market+of+these+technologies+is+linked+to+the+market+of+its+co-products.+Network+externalities+engender+positive+feedback+on+the+market+i.e.+the+higher+the+market+share+of+a+certain+technology%2C+the+higher+the+demand+for+it.+The+present+paper+suggests+a+flexible+formal+model+of+the+dynamics+of+these+markets.+This+approach+allows+for+identification+the+dynamic+behaviour+of+markets+under+different+hypotheses+concerning+behaviour+of+producers+and+consumers.+It+makes+explicit+the+role+of+network+externalities+on+markets+that+exhibit+increasing+returns.&rft.publisher=WP-95-097&rft.date=1995-09&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4499%2F1%2FWP-95-097.pdf&rft.identifier=++Keilbach%2C+M.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F1368.html%3E++(1995).++Network+Externalities+and+Path+Dependent+Consumer+Preferences.+++IIASA+Working+Paper.+IIASA%2C+Laxenburg%2C+Austria%3A+WP-95-097+++++