Theoretical implications: towards an interdisciplinary network theory
The analysis has shown some important properties of systems subject to network effects that make standardization problems challenging for traditionally established scholarly systems, especially neo-classical analysis as one of the quite few fully axiomatized theoretical systems in economics. Beneath the externality property, there are other shortcomings of the neo-classical framework when information and communication systems (and their contents like for example information products) are the basic unit of analysis. Hence, after identifying these drawbacks, a requirements catalogue for an interdisciplinary theory of network effects and a possible methodological approach is proposed.
KeywordsNetwork Effect Micro Model Methodological Individualism Social Embeddedness Homo Oeconomicus
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