Networks

• Value increases with size

• # transactions = N ( N - 1 )

• Western Union example

  • 2 cities (A and B)
  • Can send a dollar each way
  • Value = 2 ( 2 - 1 ) * $1 = $2
  • Add 3rd city
  • Value = 3 ( 3 - 1 ) * $1 = $6

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