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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Standardization and Expectations

Standardization and Expectations

Langenberg, Tobias

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 562

Business GeneralEconomicsGeneral Mathematics

ISBN10: 3540281126
ISBN13: 9783540281122
Publisher: Springer Nature
Published: Oct 20 2005
Pages: 122
Weight: 0.44
Height: 0.29 Width: 6.14 Depth: 9.21
Language: English
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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