eprintid: 4499 rev_number: 21 eprint_status: archive userid: 351 dir: disk0/00/00/44/99 datestamp: 2016-01-15 02:05:58 lastmod: 2021-08-27 17:15:14 status_changed: 2016-01-15 02:05:58 type: monograph metadata_visibility: show item_issues_count: 2 creators_name: Keilbach, M. creators_id: 7448 title: Network Externalities and Path Dependent Consumer Preferences ispublished: pub internal_subjects: iis_ecn internal_subjects: iis_mnt divisions: prog_ted abstract: 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, 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. date: 1995-09 date_type: published publisher: WP-95-097 iiasapubid: WP-95-097 price: 10 creators_browse_id: 1368 full_text_status: public monograph_type: working_paper place_of_pub: IIASA, Laxenburg, Austria pages: 26 coversheets_dirty: FALSE fp7_type: info:eu-repo/semantics/book citation: Keilbach, M. (1995). Network Externalities and Path Dependent Consumer Preferences. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-95-097 document_url: https://pure.iiasa.ac.at/id/eprint/4499/1/WP-95-097.pdf