During the 1970s, 55 percent of banks with more than 15 branches installed automated teller machines (ATMs),

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During the 1970s, 55 percent of banks with more than 15 branches installed automated teller machines (ATMs), as opposed to 16 percent of banks with only 2 branches. Explain why this phenomenon attests to the presence of positive net-work effects.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:23 AM

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During the 1970s, 55 percent of banks with more than 15 branches installed automated teller machines (ATMs),

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The value of an ATM system to depositors depends on the n...View the full answer

Microeconomics Theory and Applications

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