Sunday, 2 March 2014

Network Effects

   Network Effects.There are nine consumers.Each needs to determine whether or not to join a new social networking site.Consumers can be ordered in terms of their types, so the first consumer is type 1,these cond consumer is type 2,and soon.Eacperson’s willingness to pay to join the site is proportional to the number of other members.If nisthenumberofconsumersthathavebecomemembers,thewillingnesstopayoftypetisjustnt Findthelargestpricesuchthatthere are7consumersthatareatleast indifferenttojoining.
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