Work

Technological Standards with Local Externalities and Decentralized Behavior

Year: 1998

Type: preprint

Abstract: We model a situation in which agents must choose between two technologies that operate under local, positive network externalities. We find that decentralized behavior can lead to the emergence of a technical standard but can also result in a variety of other equilibria. Policy to eliminate non-standardized equilibria can be effected, but in some cases it may be very costly.

Source: SSRN Electronic Journal

Authors: Robin Cowan, John H. Miller

Institutions: United Nations University – Maastricht Economic and Social Research Institute on Innovation and Technology, Carnegie Mellon University

Language: English

Topic: Digital Platforms and Economics

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W3123083862

Cites:

Cited by: 7

Related to: 10