Technological Standards with Local Externalities and Decentralized Behavior

We model a situation in which agents must choose between two technologies that operate under local, positive network externalities. We find that decentralized behavior can lead to the emergence of a technical standard but can also result in a variety of other equilibria. Policy to eliminate non-standardized equilibria can be effected, but in some cases it may be very costly

Year of publication:	1999
Authors:	Cowan, Robin ; Miller, John H.
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Externer Effekt \| Externalities \| Standardisierung \| Standardization \| Dezentralisierung \| Decentralization
Description of contents:	Abstract [papers.ssrn.com]

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