Positive Feedback in Network Economic System
As the economic system gets more interconnected and complex, the conventional economics based on diminishing returns and negative feedbacks are facing tremendous challenges. Multiple-equilibria, lock-in and inefficient path dependence are often witnessed. This paper aims to study the network economic system with non-linear positive feedback from theory to application. Starting from the concept of networks and network effects, it extends to the causes and consequences of positive feedback in network economy and the market structure transformation in specific. With the global web server market as an empirical example, we also prove the existence of positive feedbacks in reality.
Positive feedback Network economics system Network effects
Lifang Zhang
Department of Public Finance, Xiamen University, Xiamen, Fujian 361005
国际会议
2009年中国控制与决策会议(2009 Chinese Control and Decision Conference)
广西桂林
英文
5695-5699
2009-06-17（万方平台首次上网日期，不代表论文的发表时间）