Network industries are characterised by existence of positive
consumption externalities, referred to as network externalities. This
book deals with the economic aspects of some technological issues in
industries that exhibit network externalities. The work particularly
focuses on markets for systems. A collection of two or more components
that work only when used together forms a system. Systems exhibit
network externality, which arises due to the complementarities between
the components. Firms doing business in the markets for systems behave
strategically while deciding on compatibility between competing products
and / or technologies. Adoption of technology or investment in R&D may
also be a strategic decision. While addressing three different issues,
the author analyses the implications of such strategic behaviour. The
analysis is game theoretic. Researchers and scholars of Network
Economics, Microeconomics, Business Economics, Industrial Organization
Theory and Strategy will find the work useful.