5min chapter

Talking about Platforms cover image

Platform Classics: Foundational works on the Economics of Networks

Talking about Platforms

CHAPTER

Navigating Network Effects and Compatibility

This chapter analyzes the complex dynamics of network effects and their impact on market competition, emphasizing how established companies leverage these effects to create barriers for newcomers. It also discusses the strategic role of product compatibility, highlighting the tension between market expansion and competitive advantages in the presence of network externalities.

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