| Standardization and Expectations 2006 Edition Contributor(s): Langenberg, Tobias (Author) |
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ISBN: 3540281126 ISBN-13: 9783540281122 Publisher: Springer OUR PRICE: $52.24 Product Type: Paperback - Other Formats Published: October 2005 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Microeconomics - Mathematics | Game Theory - Business & Economics | Industries - General |
| Dewey: 510 |
| Series: Lecture Notes in Economic and Mathematical Systems |
| Physical Information: 0.29" H x 6.14" W x 9.21" (0.44 lbs) 122 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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". |