Non-Monotonic Network Effects and Market Entry
| Author | : Alex Lundberg |
| Publisher | : |
| Total Pages | : 5 |
| Release | : 2015 |
| ISBN-10 | : OCLC:1306512588 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Non-Monotonic Network Effects and Market Entry by : Alex Lundberg
Download or read book Non-Monotonic Network Effects and Market Entry written by Alex Lundberg and published by . This book was released on 2015 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The simple circular model of horizontal product differentiation, where firms compete in price, implies an excessive entry of firms in equilibrium. When non-monotonic network effects are present, this result no longer holds. If consumers differ in their optimal number of other consumers choosing the same good, entry in equilibrium can be insufficient.
