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Standardization and Expectations - Lecture Notes in Economics and Mathematical Systems 562 (Paperback)
  • Standardization and Expectations - Lecture Notes in Economics and Mathematical Systems 562 (Paperback)
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Standardization and Expectations - Lecture Notes in Economics and Mathematical Systems 562 (Paperback)

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£64.99
Paperback 122 Pages / Published: 20/10/2005
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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".

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN: 9783540281122
Number of pages: 122
Weight: 450 g
Dimensions: 235 x 155 x 7 mm
Edition: 2006 ed.

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