Article ID Journal Published Year Pages File Type
5075895 Information Economics and Policy 2012 15 Pages PDF
Abstract
► We introduce the critical mass concept. ► We show that the option with a lower critical mass is risk-dominant. ► Both payoff dominance and risk dominance explain participants' choices. ► Risk dominance can be proxied by options' critical masses or stand-alone values.
Keywords
Related Topics
Social Sciences and Humanities Business, Management and Accounting Management of Technology and Innovation
Preview
Technology adoption in markets with network effects: Theory and experimental evidence
Authors
, , ,