The Evolution of Network Industries
{'Code': '04050100', 'Directorate': {'Abbreviation': 'SBE', 'LongName': 'Direct For Social, Behav & Economic Scie'}, 'Division': {'Abbreviation': 'SES', 'LongName': 'Divn Of Social and Economic Sciences'}}
{'SignBlockName': 'Daniel H. Newlon', 'PO_EMAI': None, 'PO_PHON': None}
The purpose of this project is to analyze the evolution of industries           such as computers and telecommunications where network externalities            are important, ie., industries in which a consumer benefits from going          along with the crowd by picking a product that others tend to choose.           The study consists of two parts.  First, an analysis will be conducted          of seller behavior in network industries including strategic pricing,           the timing of product introduction, the incentives to establish                 industry-wide standards, and gradual commitment by each seller to its           preferred technology.  Second, models will be developed of consumer             behavior in network industries.  The focus is on the decision of buyers         to buy converters, which allow them to communicate with otherwise               incompatible networks and the timing of these decisions in the presence         of uncertain technological progress.  Because of the importance of              computers and telecommunications in our economy, there are many public          policy issues regarding these industries.  One example is-- should the          United State encourage the adoption of the NHK standard for high-               definition television?  This research is important because it will              provide a better theoretical framework for addressing such issues.
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{'Code': '1320', 'Text': 'Economics'}
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