Paothong, Arnut; Ladde, G. - In: Journal of Economic Interaction and Coordination 9 (2014) 1, pp. 1-26
In general, consumer utility of network goods is affected by the entire network size. The socio-cultural-economic affinities of consumers influence the network externality processes. In this work, we treat a consumer decision as a consumer decision dynamic process. We then formulate a dynamic...