Standardization and Expectations (Lecture Notes in Economics and Mathematical Systems)

Tobias Langenberg

ISBN 10: 3540281126 / ISBN 13: 9783540281122

Published by Springer Berlin Heidelberg 2010-06-02, 2010

About this Item

Seller Inventory # 6666-IUK-9783540281122

Bibliographic Details

• Title: Standardization and Expectations (Lecture Notes in Economics and Mathematical Systems)
• Publisher: Springer Berlin Heidelberg 2010-06-02
• Publication Date: 2010
• Language: English
• ISBN 10: 3540281126
• ISBN 13: 9783540281122
• Binding: Paperback
• Condition: New

About this title

Synopsis

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".