REVIEW OF THE SELECTED EMPIRICAL PAPERS IN NETWORK ECONOMY
REVIEW OF THE SELECTED EMPIRICAL PAPERS IN NETWORK ECONOMY

Summary/Abstract: This paper reviews selected empirical literature most relevant to network economy. Our selection includes empirical studies assessing network effects and strategies in different sectors and industries. Since network effects – the increase in value of consuming a product if many consumers use the same product – are a feature of many markets and in particular of many high-technology products, we have tried to include a wide variety of empirical literature over the past decades and to make a user-friendly guide for future researches in this important field. Our intention is not to steer future researchers in any particular direction, but to emphasize the need for closer analysis of the consumer interactions and the decision-making process in network industries, as well as better understanding of how network effects operate.

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