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Critical Mass is a common feature of technology diffusion processes. We develop a structural model of demand with network effects to provide a rigorous definition of critical mass as a function of installed base, price and network effects. Using data from the digital cellular telephony market,...
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. Households without phones or internet access are more likely to be poor, female-headed, have less education, and rely more on …
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effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …
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