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Heterogeneity and Increasing Returns May Drive Socio-Economic Transitions
[article]
2007
arXiv
pre-print
There are clear benefits associated with a particular consumer choice for many current markets. For example, as we consider here, some products might carry environmental or 'green' benefits. Some consumers might value these benefits while others do not. However, as evidenced by myriad failed attempts of environmental products to maintain even a niche market, such benefits do not necessarily outweigh the extra purchasing cost. The question we pose is, how can such an initially
arXiv:0706.1454v1
fatcat:g5xr277zurdafndnslr3nsd2y4