compared with the network externalities explanation of the same phenomenon. The relation between social tensions and herd …

Local network externalities are present when the utility of buying from a firm not only depends on the number of other … customers (global network externalities), but also on their identity and/or characteristics. We explore the consequences of … local network externalities within a framework where two firms compete offering differentiated products. We first show that …

Innovation diffusion of network goods determines direct network externalities that depress sales for long periods and …

, summarizes the key findings of a global game with network externalities developed by K. Fukao and esplicates the basic concepts …

that shape the evolution of a new market. Thereby, network externalities and individual learning bias the market outcome …

spontaneous time of technological change and the socially desirable one. Under network externalities and incomplete information …