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Economics of Standards in Information Networks

  • Tim Weitzel

Part of the Information Age Economy book series (AGEECONOMY)

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Tim Weitzel
    Pages 1-10
  3. Tim Weitzel
    Pages 11-48
  4. Tim Weitzel
    Pages 49-79
  5. Tim Weitzel
    Pages 164-235
  6. Tim Weitzel
    Pages 245-252
  7. Back Matter
    Pages 253-292

About this book

Introduction

Standards play a prominent role in systems characterized by interaction. In information systems, standards provide for compatibility and are a prerequisite for collaboration benefits. More generally speaking, standards constitute networks. In this work, a standardization framework based on an analysis of deficiencies of network effect theory and a game theoretic network equilibrium analysis is developed. Fundamental determinants of diffusion processes in networks (e.g. network topology, agent size, installed base) are identified and incorporated into a computer-based simulation model. As a result, typical network behaviour (specific diffusion patterns) can be explained and many findings from traditional network effect theory can be described as special cases of the model at particular parameter constellations (e.g. low price, high density). On this basis, solution strategies for standardization problems are developed, and a methodological path towards a unified theory of networks is proposed.

"... a very important contribution to the economics of standardization, and the results make the book a must for everyone working in the field." (International Journal of IT Standards and Standardization Research)

 

Keywords

Agent-Based Computational Economics Information Network Motivation Network Simulation Standard Standardization Standards calculus information system modeling

Authors and affiliations

  • Tim Weitzel
    • 1
  1. 1.Institute of Information SystemsUniversity of FrankfurtFrankfurt (Main)Germany

Bibliographic information