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          Institute: MPI für Ökonomik     Collection: Evolutionary Economics Group     Display Documents



ID: 33664.0, MPI für Ökonomik / Evolutionary Economics Group
Network externalities, critical masses and converters : an evolutionary analysis
Authors:Andreozzi, Luciano
Language:English
Place of Publication:Jena
Publisher:Max-Planck-Institut zur Erforschung von Wirtschaftssystemen
Date of Publication (YYYY-MM-DD):2002
Total Number of Pages:14 p.
Title of Series:Papers on economics and evolution
Volume:0204
Corporate Body (Series Editor):Max-Planck-Institut zur Erforschung von Wirtschaftssystemen
Copyright:© by the author
Review Status:Internal review
Audience:Not Specified
Abstract / Description:Witt (1997) proposes a model of technological adoption in markets characterized by network externalities in which superior technological standards have smaller critical mass, so that they can easily displace inferior alternatives. This paper builds on his model to show that the critical mass of a given technology depends upon its e.ciency and its compatibility with the existing standard, and hence that more efficient technologies need not have smaller critical masses. Some consequences for the economics of converters and ”gateway technologies” are also discussed.
External Publication Status:published
Document Type:Paper
Affiliations:MPI zur Erforschung von Wirtschaftssystemen/Abteilung Evolutionsökonomik
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