R&D Incentives in Compatible Networks

Eirik Kristiansen and Marcel Thum

Working Papers from Norwegian School of Economics and Business Administration-

Abstract: Network externalities describe the phenomenon that a good becomes more valuable to each user the more other consumers use the same of a compatible product. Whereas most of the recent literature on network effects has focused on the adoption of products, this paper shows that network externalities can have important feedback effects on the incentives to carry out R&D and develop new products.

Keywords: RESEARCH AND DEVELOPMENT; INCENTIVES; NETWORK ANALYSIS (search for similar items in EconPapers)
JEL-codes: D43 L10 O31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1996
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Citations: View citations in EconPapers (3)

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Journal Article: R&D incentives in compatible networks (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:norgee:21/96

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