Standardization and Expectations (Lecture Notes in Economics and Mathematical Systems)

Tobias Langenberg

ISBN 10: 3540281126 / ISBN 13: 9783540281122

Editore: Springer Berlin Heidelberg 2010-06-02, 2010

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Codice articolo 6666-IUK-9783540281122

Dati bibliografici

• Titolo: Standardization and Expectations (Lecture Notes in Economics and Mathematical Systems)
• Editore: Springer Berlin Heidelberg 2010-06-02
• Data di pubblicazione: 2010
• Lingua: Inglese
• ISBN 10: 3540281126
• ISBN 13: 9783540281122
• Rilegatura: Paperback
• Condizione: New

Descrizione articolo

Riassunto

Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are key to the problem of whether a new technology will prevail as de-facto standard or not. Early adopters must be confident that the network good will be successful. Thus, it may be worthwhile for firms to influence consumers' expectations. Consisting of three models on various aspects of standardization and expectations, this book aims at deepening our understanding of how standards and expectations interact. The models are applied to problems such as "Inter-Technology vs. Intra-Technology Competition" and "Standardization of Nascent Technologies".

Contenuti

The Economics of Standardization: Basic Concepts.- Standardization of Educational Signals and Job Matching.- Inter-Technology versus Intra-Technology Competition in Network Markets.- Standardization of Nascent Technologies: The Tradeoff between Early Standardization and Experimentation.- Summary of Findings.