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The More, the Better

  • Akihiko MatsuiEmail author
Chapter
Part of the Economy and Social Inclusion book series (ESI)

Abstract

This chapter introduces the two key concepts of strategic complementarity and externality, which are related to each other. Take a large train station as an example. People come and go. When observing stairs, two flows of people are usually apparent with one ascending and the other descending. Generally, the flows do not collide with each other but move rather smoothly. People sometimes walk on the left side, while they may walk on the right side at other times. If everyone else walks on the left side, it is beneficial to walk on the left rather than on the right.

Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Faculty of EconomicsUniversity of TokyoTokyoJapan

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