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Nonequilibrium phase transitions in competitive markets caused by network effects

Network effects are the added value derived solely from the popularity of a product in an economic market. Using agent-based models inspired by statistical physics, we propose a minimal theory of a competitive market for (nearly) indistinguishable goods with demand-side network effects, sold by stat...

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Detalles Bibliográficos
Autor principal: Lucas, Andrew
Formato: Online Artículo Texto
Lenguaje:English
Publicado: National Academy of Sciences 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9546563/
https://www.ncbi.nlm.nih.gov/pubmed/36161887
http://dx.doi.org/10.1073/pnas.2206702119