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Standardization and Expectations

Name: Standardization and Expectations
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 05273807
Price: 21841 HUF
Availability: InStock
Author: Tobias Langenberg
ISBN: 9783540281122

Tobias Langenberg

Language

English

Book Paperback

Libristo code: 05273807

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, October 2005

Over the last decades, technological progress has brought about a multitude of standardization probl... Full description

Libristo code: 05273807

145 b

21 841 Ft

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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".