Patricia Seybold

Economists have been writing about the Network Effect since 1974, intrigued by the notion that, once a network is established, scarcity isn’t the source of perceived value; instead, ubiquity is. In the physical world, the more fishers who come to a lake, the fewer fish each one will catch; the lower the benefit, and hence the value, for each one. In the cyberworld, on the … [ Read more ]