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Standardization and Expectations

  • Book
  • © 2006

Overview

Authors:
  1. Tobias Langenberg

    1. Department of Economics, Institute of Public Finance, University of Hamburg, Hamburg, Germany

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 562)

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Table of contents (6 chapters)

  1. Front Matter

    Pages I-IX
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  2. Introduction

    Pages 1-7

  3. The Economics of Standardization: Basic Concepts

    Pages 9-15

  4. Standardization of Educational Signals and Job Matching

    Pages 17-40

  5. Inter-Technology versus Intra-Technology Competition in Network Markets

    Pages 41-69

  6. Standardization of Nascent Technologies: The Tradeoff between Early Standardization and Experimentation

    Pages 71-103

  7. Summary of Findings

    Pages 105-108

  8. Back Matter

    Pages 109-122
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Keywords

About this book

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".

Authors and Affiliations

  • Department of Economics, Institute of Public Finance, University of Hamburg, Hamburg, Germany

    Tobias Langenberg

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