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...

Table of Contents:

• 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.