haku: @indexterm EXTERNALITIES / yhteensä: 129
viite: 109 / 129
| Tekijä: | Thum, M. |
| Otsikko: | Network externalities, technological progress, and the competition of market contracts |
| Lehti: | International Journal of Industrial Organization
1994 : JUN, VOL. 12:2, p. 269-289 |
| Asiasana: | NETWORKS EXTERNALITIES COMPETITION |
| Kieli: | eng |
| Tiivistelmä: | Network externalities are used to describe the fact that many modern products become more valuable the more users adopt products of the same technology. Where network externalities and technological progress exist, the various kinds of inefficiencies discussed in the recent literature can be explained by different kinds of contracts. The main categories analysed are simple market contracts, update contracts, and service contracts. It is shown that these types of contract emerge endogenously from the incentive structure of profit-maximizing firms. |
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