Standardization and Expectations

• Main Author: Langenberg, Tobias (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2006.
• Series: Lecture Notes in Economics and Mathematical Systems, 562
• Subjects: Game theory.; Economic theory.; Microeconomics.; Industrial organization.; Economics.; Game Theory, Economics, Social and Behav. Sciences.; Industrial Organization.; Economic Theory/Quantitative Economics/Mathematical Methods.

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...