Network Meltdown: A Legacy of Bad Economics

32 Pages Posted: 13 May 2002

See all articles by Stan J. Liebowitz

Stan J. Liebowitz

University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics

Date Written: April 19, 2002

Abstract

Why did the dot.coms burn and die? The answer is that they followed the advice given to them by a set of economists preaching that being first to market was the key to success thanks to lock-in effects. I explore these events and this thinking in this paper.

Keywords: network effects, lock-in, dot.coms, ecommerce, internet

JEL Classification: L0, L1, L2

Suggested Citation

Liebowitz, Stan J., Network Meltdown: A Legacy of Bad Economics (April 19, 2002). Available at SSRN: https://ssrn.com/abstract=309879 or http://dx.doi.org/10.2139/ssrn.309879

Stan J. Liebowitz (Contact Author)

University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics ( email )

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