Economics Reflective Journal
6.
Full Reference
Akerlof, R., Holden, R., & Rayo, L. (2018). Network externalities and market dominance. Unpublished Manuscript.
Summary
The main objective of the paper was to determine the optimal pricing and price competition when the multiple equilibriums have been achieved due to network externalities. In this article, the author has developed a framework that provides the firms with the simple…
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