Accumulated ICT capital also builds the ICT infrastructure at the national level which generates network externalities
and spillover effects across all firms and industries and thereby enhances the productivity in the aggregate economy.
Some argue that despite the existence of an international financial market that has grown enormously and decreased transaction costs, positive network externalities
are still working to the benefit of the dominant currency today.
Network effect or network externalities
are similar concepts related to peer acceptance.
A divorced economics professor applies the principles of microeconomics to his online search for a new life partner, attempting to find insights from search theory, signaling, adverse selection, statistical discrimination, supply and demand in thick markets, positive assertive matching, and network externalities
This paper also retains linear transportation costs, and adds one feature to the model--negative network externalities
Obviously, this includes the interests of African States that collect premiums on international incoming calls, in accordance with both ITU recommendations regarding network externalities
and their own national policies.
in microcomputer software: An econometric analysis of the spreadsheet market.
Path dependence and network externalities
are subsidiary forces.
are obvious when we think of telecoms and the internet: the more people 'connected' the greater the value of the service.
Technology Adoption in the Presence of Network Externalities
, Journal of Political Economy Review, 94, 4, 1986, pp.
This may be true in certain telecommunications markets, where network externalities
and benefits from compatibility are colossal.
Second, another fundamental aspect in all areas of transportation is the principle that network externalities