Winner-take-all or long tail? A behavioral model of markets with increasing returns
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Erik Brynjolfsson & Yu (Jeffrey) Hu & Michael D. Smith, 2003.
"Consumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers,"
Management Science, INFORMS, vol. 49(11), pages 1580-1596, November.
- Brynjolfsson, Erik & Smith, Michael D. & Yu, (Jeffrey) Hu, 2003. "Consumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers," Working papers 4305-03, Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
- Simon den Uijl & Henk J. de Vries, 2013. "Pushing technological progress by strategic manoeuvring: the triumph of Blu-ray over HD-DVD," Business History, Taylor & Francis Journals, vol. 55(8), pages 1361-1384, November.
- Ellison, Glenn, 1993.
"Learning, Local Interaction, and Coordination,"
Econometrica, Econometric Society, vol. 61(5), pages 1047-1071, September.
- Glen Ellison, 2010. "Learning, Local Interaction, and Coordination," Levine's Working Paper Archive 391, David K. Levine.
- Judith Chevalier & Austan Goolsbee, 2003. "Measuring Prices and Price Competition Online: Amazon.com and BarnesandNoble.com," Quantitative Marketing and Economics (QME), Springer, vol. 1(2), pages 203-222, June.
- John Sutton, 1997. "Gibrat's Legacy," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 40-59, March.
- Erik Brynjolfsson & Yu (Jeffrey) Hu & Duncan Simester, 2011. "Goodbye Pareto Principle, Hello Long Tail: The Effect of Search Costs on the Concentration of Product Sales," Management Science, INFORMS, vol. 57(8), pages 1373-1386, August.
- Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, vol. 99(394), pages 116-131, March.
- Hauser, John R & Wernerfelt, Birger, 1990. "An Evaluation Cost Model of Consideration Sets," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 16(4), pages 393-408, March.
- John H. Miller & Scott E. Page, 2007. "Social Science in Between, from Complex Adaptive Systems: An Introduction to Computational Models of Social Life," Introductory Chapters, in: Complex Adaptive Systems: An Introduction to Computational Models of Social Life, Princeton University Press.
- Katz, Michael L & Shapiro, Carl, 1985. "Network Externalities, Competition, and Compatibility," American Economic Review, American Economic Association, vol. 75(3), pages 424-440, June.
- Katz, Michael L & Shapiro, Carl, 1986. "Technology Adoption in the Presence of Network Externalities," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 822-841, August.
- Cowan, Robin, 1990.
"Nuclear Power Reactors: A Study in Technological Lock-in,"
The Journal of Economic History, Cambridge University Press, vol. 50(3), pages 541-567, September.
- Cowan, Robin, 1988. "Nuclear Power Reactors: A Study In Technological Lock-In," Working Papers 88-33, C.V. Starr Center for Applied Economics, New York University.
- John H. Miller & Scott E. Page, 2007. "Complexity in Social Worlds, from Complex Adaptive Systems: An Introduction to Computational Models of Social Life," Introductory Chapters, in: Complex Adaptive Systems: An Introduction to Computational Models of Social Life, Princeton University Press.
- Steven C. Salop, 1979. "Monopolistic Competition with Outside Goods," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 141-156, Spring.
- M. Goldstein & S. Morris & G. Yen, 2004. "Problems with fitting to the power-law distribution," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 41(2), pages 255-258, September.
- Scharfstein, David S & Stein, Jeremy C, 1990.
"Herd Behavior and Investment,"
American Economic Review, American Economic Association, vol. 80(3), pages 465-479, June.
- Scharfstein, David. & Stein, Jeremy C., 1988. "Herd behavior and investment," Working papers WP 2062-88., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- John D. Sterman & Rebecca Henderson & Eric D. Beinhocker & Lee I. Newman, 2007. "Getting Big Too Fast: Strategic Dynamics with Increasing Returns and Bounded Rationality," Management Science, INFORMS, vol. 53(4), pages 683-696, April.
- Bernheim, B Douglas, 1994. "A Theory of Conformity," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 841-877, October.
- Robert E. Kennedy, 2002. "Strategy Fads and Competitive Convergence: An Empirical Test for Herd Behavior in Prime‐Time Television Programming," Journal of Industrial Economics, Wiley Blackwell, vol. 50(1), pages 57-84, March.
- Eocman Lee & Jeho Lee & Jongseok Lee, 2006. "Reconsideration of the Winner-Take-All Hypothesis: Complex Networks and Local Bias," Management Science, INFORMS, vol. 52(12), pages 1838-1848, December.
- Rajeev Kohli & Raaj Sah, 2006. "Some Empirical Regularities in Market Shares," Management Science, INFORMS, vol. 52(11), pages 1792-1798, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- P. J. Lamberson, 2018. "Approximating individual interactions in compartmental system dynamics models," System Dynamics Review, System Dynamics Society, vol. 34(1-2), pages 284-326, January.
- Lozić, Joško & Milković, Marin & Fotova Čiković, Katerina, 2022. "The Impact Of The Long Tail Economy On The Business Result Of The Digital Platform: The Case Of Spotify And Match Group," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 13(1), pages 43-55.
- Navid Ghaffarzadegan & Richard C. Larson, 2018. "SD meets OR: a new synergy to address policy problems," System Dynamics Review, System Dynamics Society, vol. 34(1-2), pages 327-353, January.
- John Sterman, 2018. "System dynamics at sixty: the path forward," System Dynamics Review, System Dynamics Society, vol. 34(1-2), pages 5-47, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- A. Bassanini & G. Dosi, 1998. "Competing Technologies, International Diffusion and the Rate of Convergence to a Stable Market Structure," Working Papers ir98012, International Institute for Applied Systems Analysis.
- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, September.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, October.
- Stoneman, Paul, 2011. "Soft Innovation: Economics, Product Aesthetics, and the Creative Industries," OUP Catalogue, Oxford University Press, number 9780199697021.
- Paul W.J. de Bijl & Sanjeev Goyal, 2002. "Market Integration and Technological Change," Netnomics, Springer, vol. 4(1), pages 19-37, March.
- Li, Francis G.N. & Trutnevyte, Evelina & Strachan, Neil, 2015. "A review of socio-technical energy transition (STET) models," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 290-305.
- P.J. Lamberson & Scott E. Page, 2018. "First mover or higher quality? Optimal product strategy in markets with positive feedbacks," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 27(1), pages 40-52, March.
- Geerten Van de Kaa & Daniel Scholten & Jafar Rezaei & Christine Milchram, 2017. "The Battle between Battery and Fuel Cell Powered Electric Vehicles: A BWM Approach," Energies, MDPI, vol. 10(11), pages 1-13, October.
- Timothy J. Foxon, 2014. "Technological lock-in and the role of innovation," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 20, pages 304-316, Edward Elgar Publishing.
- Puffert, Douglas J., 2002. "Path Dependence in Spatial Networks: The Standardization of Railway Track Gauge," Explorations in Economic History, Elsevier, vol. 39(3), pages 282-314, July.
- Mangematin, V. & Callon, M., 1995.
"Technological competition, strategies of the firms and the choice of the first users: the case of road guidance technologies,"
Research Policy, Elsevier, vol. 24(3), pages 441-458, May.
- Vincent Mangematin & Michel Callon, 1995. "Technological competition, strategies of the firms and the choice of the first users: the case of road guidance technologies," Grenoble Ecole de Management (Post-Print) hal-00422545, HAL.
- Michihiro, Kandori & Rob, Rafael, 1998.
"Bandwagon Effects and Long Run Technology Choice,"
Games and Economic Behavior, Elsevier, vol. 22(1), pages 30-60, January.
- Michihiro Kandori & Rafael Rob, 1997. "Bandwagon effects and long run technology choice," Levine's Working Paper Archive 1265, David K. Levine.
- M. Kandori & R. Rob, 2010. "Bandwagon Effects and Long Run Technology Choice," Levine's Working Paper Archive 501, David K. Levine.
- Nicolaas J. Vriend, 2002.
"Was Hayek an Ace?,"
Southern Economic Journal, John Wiley & Sons, vol. 68(4), pages 811-840, April.
- Nicolaas J. Vriend, 1999. "Was Hayek an Ace?," Working Papers 403, Queen Mary University of London, School of Economics and Finance.
- Nick Vriend, 2000. "Was Hayek An Ace?," Computing in Economics and Finance 2000 272, Society for Computational Economics.
- Nicolaas J. Vriend, 2002.
"Was Hayek an Ace?,"
Southern Economic Journal, John Wiley & Sons, vol. 68(4), pages 811-840, April.
- Nicolaas J. Vriend, 1999. "Was Hayek an Ace?," Working Papers 403, Queen Mary University of London, School of Economics and Finance.
- Nicolaas J. Vriend, 1999. "Was Hayek an Ace?," Working Papers 403, Queen Mary University of London, School of Economics and Finance.
- Nick Vriend, 2000. "Was Hayek An Ace?," Computing in Economics and Finance 2000 272, Society for Computational Economics.
- Liangjie Zhao & Wenqi Duan, 2014. "Simulating the Evolution of Market Shares: The Effects of Customer Learning and Local Network Externalities," Computational Economics, Springer;Society for Computational Economics, vol. 43(1), pages 53-70, January.
- Marechal, Kevin, 2007.
"The economics of climate change and the change of climate in economics,"
Energy Policy, Elsevier, vol. 35(10), pages 5181-5194, October.
- Kevin Maréchal, 2007. "The economics of climate change and the change of climate in economics," ULB Institutional Repository 2013/176653, ULB -- Universite Libre de Bruxelles.
- Hirshleifer, David & Teoh, Siew Hong, 2008.
"Thought and Behavior Contagion in Capital Markets,"
MPRA Paper
9164, University Library of Munich, Germany.
- Hirshleifer, David & Teoh, Siew Hong, 2008. "Thought and Behavior Contagion in Capital Markets," MPRA Paper 9142, University Library of Munich, Germany.
- Wei Jin & ZhongXiang Zhang, 2015.
"Levelling the Playing Field: On the Missing Role of Network Externality in Designing Renewable Energy Technology Deployment Policies,"
Working Papers
2015.76, Fondazione Eni Enrico Mattei.
- Wei Jin & ZhongXiang Zhang, 2015. "Levelling the playing field: On the missing role of network externality in designing renewable energy technology deployment policies," CCEP Working Papers 1509, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
- Jin, Wei & Zhang, ZhongXiang, 2015. "Levelling the playing field: On the missing role of network externality in designing renewable energy technology deployment policies," Working Papers 249514, Australian National University, Centre for Climate Economics & Policy.
- Jin, Wei & Zhang, ZhongXiang, 2015. "Levelling the Playing Field: On the Missing Role of Network Externality in Designing Renewable Energy Technology Deployment Policies," Climate Change and Sustainable Development 208433, Fondazione Eni Enrico Mattei (FEEM).
- Jonard, N. & Yfldizoglu, M., 1998.
"Technological diversity in an evolutionary industry model with localized learning and network externalities,"
Structural Change and Economic Dynamics, Elsevier, vol. 9(1), pages 35-53, March.
- Nicolas Jonard & Murat Yildizoglu, "undated". "Technological Diversity in an Evolutionary Industry Model with Localized Learning and Network Externalities," Computing in Economics and Finance 1997 13, Society for Computational Economics.
- Rodolphe Durand & Robert M. Grant & Tammy L. Madsen & David P. McIntyre & Arati Srinivasan, 2017. "Networks, platforms, and strategy: Emerging views and next steps," Strategic Management Journal, Wiley Blackwell, vol. 38(1), pages 141-160, January.
- Michael L. Katz & Carl Shapiro, 1994. "Systems Competition and Network Effects," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 93-115, Spring.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:sysdyn:v:32:y:2016:i:3-4:p:233-260. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0883-7066 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.