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Standardization and Expectations

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...

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Bibliographic Details
Main Author: Langenberg, Tobias
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2006, 2006
Edition:1st ed. 2006
Series:Lecture Notes in Economics and Mathematical Systems
Subjects:
Microeconomics
Industrial Organization
Game Theory
Quantitative Economics
Econometrics
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
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505 0 |a 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 
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520 |a 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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