Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158980
Authors: 
Agliardi, Elettra
Bebbington, Mark S.
Year of Publication: 
1992
Series/Report no.: 
Quaderni - Working Paper DSE 137
Abstract: 
We consider the possibility of switching between two technological standards when there are network externalities and imprecise market information. Multiple equilibria in terms of market shares can arise. The main result is that lock-in to one of multiple equilibria is not a permanent out- come when the source of lock-in is network externalities. The market lingers at prevalence of one standard with intermittent transitions to prevalence of the other. In other words, lock-in is a temporary occurrence.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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