Pith Number

pith:2WALO7PB

pith:2026:2WALO7PBWPOEKURLNHMZ7TOL2M

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Coordination Failures and Stackelberg Leadership in Housing Development with Network Effects

Vaibhav Rangan

A large first-moving developer always commits to at least the high-supply equilibrium, eliminating coordination failures in housing markets with network effects.

arxiv:2605.12559 v1 · 2026-05-11 · econ.TH

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Claims

C1strongest claim

The large developer always commits at least to the high-supply equilibrium, eliminating the coordination failure by pushing past the unstable threshold that separates the low and high outcomes. The result is unconditional; it holds for general demand functions and cost distributions, and does not depend on which stable continuation equilibrium materializes.

C2weakest assumption

The model assumes that network effects are sufficiently strong and convex to generate multiple equilibria with an unstable threshold, and that the large developer can credibly commit to its supply level before atomistic developers make their entry decisions in the continuation game.

C3one line summary

A Stackelberg leader developer always commits to at least the high-supply equilibrium in housing markets with network effects, eliminating coordination failures for general demand and cost functions.

References

23 extracted · 23 resolved · 0 Pith anchors

[1] Journal of the European Economic Association , volume =

[2] The RAND Journal of Economics , volume =

[3] The RAND Journal of Economics , volume =

[4] Glen , title =

[5] Michael , title =

Receipt and verification

First computed	2026-05-18T03:10:02.002847Z
Builder	pith-number-builder-2026-05-17-v1
Signature	Pith Ed25519 (`pith-v1-2026-05`) · public key
Schema	pith-number/v1.0

Canonical hash

d580b77de1b3dc45522b69d99fcdcbd31b52541983279cf7844a513cf2c1a8b5

Aliases

arxiv: 2605.12559 · arxiv_version: 2605.12559v1 · doi: 10.48550/arxiv.2605.12559 · pith_short_12: 2WALO7PBWPOE · pith_short_16: 2WALO7PBWPOEKURL · pith_short_8: 2WALO7PB

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Verify this Pith Number yourself

curl -sH 'Accept: application/ld+json' https://pith.science/pith/2WALO7PBWPOEKURLNHMZ7TOL2M \
  | jq -c '.canonical_record' \
  | python3 -c "import sys,json,hashlib; b=json.dumps(json.loads(sys.stdin.read()), sort_keys=True, separators=(',',':'), ensure_ascii=False).encode(); print(hashlib.sha256(b).hexdigest())"
# expect: d580b77de1b3dc45522b69d99fcdcbd31b52541983279cf7844a513cf2c1a8b5

Canonical record JSON

{
  "metadata": {
    "abstract_canon_sha256": "c99c0fc8816f3b0387891f4af58942f0ad7873a8299570d72f6b81066d6adb14",
    "cross_cats_sorted": [],
    "license": "http://arxiv.org/licenses/nonexclusive-distrib/1.0/",
    "primary_cat": "econ.TH",
    "submitted_at": "2026-05-11T21:03:38Z",
    "title_canon_sha256": "6b7eb812ac6c7ae8e3ffe86e70a071482bf8e06514c28b907f1ff836daade2c5"
  },
  "schema_version": "1.0",
  "source": {
    "id": "2605.12559",
    "kind": "arxiv",
    "version": 1
  }
}