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As the economic system gets more interconnected and complex, the conventional economics based on diminishing returns and negative feedbacks are facing tremendous challenges. Multiple-equilibria, lock-in and inefficient path dependence are often witnessed. This paper aims to study the network economic system with non-linear positive feedback from theory to application. Starting from the concept of...
Against the backdrop of widespread networks in the modern world, this paper aims to study the transformation of network economic system in general and its market structure in specific. It is organized in the mode of "concept introduction-model setup-empirical study". Starting from the concept of "network effects", it is then extended to a simplified model of market structure and...
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