ENGLISH

Standardization and Expectations

By Tobias Langenberg (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2006
ISBN
978-3-540-28112-2, 978-3-540-28113-9
DOI
10.1007/3-540-28113-4
Language
english
Format
PDF
Filesize
1 MB (1253753 bytes)
Series
Lecture Notes in Economics and Mathematical Systems 562
Edition
1
Pages
122\123
Orientation
yes
Scanned
yes
Time added
2013-08-01 04:00:00
EconomicsMicroeconomics; Game TheorySocial and Behav. Sciences; Industrial Organizatio

Description

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".

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