Title
Network Externalities, Competition, and Compatibility
Author
Michael L. Katz, and Carl Shapiro
Date
9/02/2015
(Original Publish Date: 1985)
(Original Publish Date: 1985)
Abstract
There are many products for which the utility that a user derives from consumption of the good increases with the number of other agents consuming the good. There are several possible sources of these positive consumption externalities.