ARE NETWORK EXTERNALITIES A NEW SOURCE OF MARKET FAILURE

Abstract

, Vol. 17 1995, Pp. 1-22 S. J. Liebowitz Stephen E. Margolis S. J. Liebowitz: Management School, University of Texas at Dallas, Richardson, Texas 75083 Stephen E. Margolis: Department of Economics, North Carolina State University, Raleigh, North Carolina 27695 ACKNOWLEDGMENT The authors thank Lee Craig, Neil Gandal, Craig Newmark, Pierre Regibeau, George Stigler, Richard Zerbe and workshop participants at North Carolina State University. Errors are our own.