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Standardization and Expectations

By: Langenberg, Tobias [author.].
Contributor(s): SpringerLink (Online service).
Material type: materialTypeLabelBookSeries: Lecture Notes in Economics and Mathematical Systems: 562Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg, 2006.Description: X, 122 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783540281139.Subject(s): Game theory | Economic theory | Microeconomics | Industrial organization | Economics | Microeconomics | Game Theory, Economics, Social and Behav. Sciences | Industrial Organization | Economic Theory/Quantitative Economics/Mathematical MethodsDDC classification: 338.5 Online resources: Click here to access online
Contents:
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.
In: Springer eBooksSummary: 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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E books E books PK Kelkar Library, IIT Kanpur
Available EBK5631
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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.

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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