Network Effects?

 How did we all get stuck using the Gregorian calendar? Aside from the QWERTY problem, can you think of any other examples of a network effect keeping us in a suboptimal equilibrium? How about LinkedIn, licensure requirements, or three years of law school? (If you don’t know what a network effect is, look it up!) Hat tip: MrSquig.

About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.
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