Standardization and Expectations

By: Tobias Langenberg

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Paperback | 20 October 2005

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136 Pages

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22.86 x 15.24 x 1.27

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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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You Can Find This Book In

Non-Fiction Engineering & Technology Technology in General Engineering in General Economics Microeconomics Mathematics Optimisation Game Theory Industry & Industrial Studies Mechanical Engineering & Materials Production & Industrial Engineering

Economic Theory & Philosophy Business & Management Science Science in General Scientific Standards Mensuration & Systems of Measurement Economics of Industrial Organisation

Introduction	p. 1
The economics of standardization : basic concepts	p. 9
Standardization of educational signals and job matching	p. 17
Inter-technology versus intra-technology competition in network markets	p. 41
Standardization of nascent technologies : the tradeoff between early standardization and experimentation	p. 71
Summary of findings	p. 105
Table of Contents provided by Blackwell. All Rights Reserved.

Standardization and Expectations

At a Glance

Paperback

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