全球智库信息集成服务系统(G2TT): Network Externalities and the Dynamics of Markets.

G2TT

来源类型	Monograph (IIASA Interim Report)
规范类型	报告
	Network Externalities and the Dynamics of Markets.
	Keilbach M; Posch M
发表日期	1998
出版者	IIASA, Laxenburg, Austria: IR-98-089
出版年	1998
语种	英语
摘要	The evolution of markets on which network externalities prevail can be expected to differ from "classical markets" where no such externalities exist. We suggest a flexible formal model that describes the dynamics od types of markets. This leads to a stochastic version of the well known replicator dynamics. Based on this approach we analyze the limit behavior of different market types where consumers use stochastic decision rules. We show that market shares converge to the set of equilibria with probability one, where, even under network externalities, several technologies can coexist. On the other hand, even if no network externalities prevail it is possible that only one technology stays in the market. This paper contributes to the work on generalized urn schemes and path dependent processes going on at IIASA.
主题	Technological and Economic Dynamics (TED)
URL	http://pure.iiasa.ac.at/id/eprint/5562/
来源智库	International Institute for Applied Systems Analysis (Austria)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/124778
推荐引用方式 GB/T 7714	Keilbach M,Posch M. Network Externalities and the Dynamics of Markets.. 1998.