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| Author: | Witt, U. |
| Title: | "Lock-in" vs. "critical masses" -- industrial change under network externalities |
| Journal: | International Journal of Industrial Organization
1997 : OCT, VOL. 15:6, p. 753-774 |
| Index terms: | CHANGE NETWORK EXTERNALITIES INDUSTRIES |
| Language: | eng |
| Abstract: | Where increasing returns to adoption play a role in the diffusion of a new technology, technological "lock-in" is now often claimed to occur. However, this result, and the modeling approach that produces it, are problematic. Further innovations could never have a chance of disseminating, if "lock-in" had occurred in the diffusion process of earlier innovations. Yet, in reality, industrial change does not come to a halt. The paper offers a discussion of the apparent paradox. |
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