Sure, Network Effects Are Valuable, but Why? List the Three

question 33

Essay

Sure, network effects are valuable, but why? List the three sources of the value (cited in our textbook & in class) that fuel the competitive advantage of network effects.

Grasp the concept of causality in research and distinguish between types of study designs (cross-sectional, panel, experimental) for causal inference.

Understand the objectives of research including theory development, description, and establishing causality.

Identify the implications of research design choices on the validity and generalizability of study findings, including the role of random sampling.

Understand the ethical guidelines governing research with human subjects, including informed consent and confidentiality.

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Definitions:

Uniform Law

A model law created by the National Conference of Commissioners on Uniform State Laws and/or the American Law Institute for the states to consider adopting. If a state adopts the law, it becomes statutory law in that state. Each state has the option of adopting or rejecting all or part of a uniform law.

Statutory Law

The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law).

Secondary Source

Information that has been compiled, summarized, or quoted from primary sources, often used in academic and historical research.

U.S. Constitution

The foundational legal document of the United States that outlines the framework of the government and its powers.