Economic Analysis Part 4/6

.

  1. Network  Demand.      Inlecture,wediscussedthedemandcurve  foranetworkgood andshowedthatmultipleequilibriacouldarise.Usethismodeltopresent  asimilarcharacterizationandanalysisofthefollowingsituation:Bitcoin,avirtualcurrency,hasbeenrisinginusageoverthepastfouryearsorso.Itishighlydecentralizedbutcanbebothtradedonexchangesandusedprivately.    SupposeuponleavingHeinzyouare offeredawonderful job.Butyourprospectiveemployerinsistsonpayingyour(lucrative) salaryinBitcoin.Willyouaccepttheoffer?

.


Order This Paper Now