This paper models the competition of user networks as a continuous-time Markov process. It presents a dynamic version … competition can be characterized by the coexistence of lock-in regimes and a 'metastable' state - i.e. a state which is a …

programming. Competition for viewers of the demographics most desired by advertisers implies that programming choices will be … too extreme as broadcasters strive to avoid ruinous subscription price competition, but strong advertising demand may lead … to strong competition for viewers and hence minimum differentiation (“la pensée unique”). Markets (such as newspapers …