Standardization and Expectations

  • TobiasĀ Langenberg

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

About this book

Introduction

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".

Keywords

Compatibility Standards Expectations Nash-Equilibria competition standardization

Authors and affiliations

  • TobiasĀ Langenberg
    • 1
  1. 1.Department of Economics, Institute of Public FinanceUniversity of HamburgHamburgGermany

Bibliographic information

  • DOI https://doi.org/10.1007/3-540-28113-4
  • Copyright Information Springer-Verlag Berlin Heidelberg 2006
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-28112-2
  • Online ISBN 978-3-540-28113-9
  • Series Print ISSN 0075-8442
  • About this book