Coordination and lock-in¶
Farrell, J., & Klemperer, P. (2007). Coordination and lock-in: Competition with switching costs and network effects. Handbook of Industrial Organization, 3, 1967-2072.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Lock-In
- Farrell and Klemperer (2007) develop a similar decomposition in their survey of switching costs and network effects, using it to identify when policy intervention can dissolve a lock without destroying the value the lock protects.
This sourceComprehensive survey of switching-cost and network-effect economics; decomposes lock-in into diagnosable components and identifies policy leverage points (interoperability mandates, data-portability requirements) that can dissolve a lock without destroying the value the lock protects.
- Farrell and Klemperer (2007) develop a similar decomposition in their survey of switching costs and network effects, using it to identify when policy intervention can dissolve a lock without destroying the value the lock protects.
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