Langenberg Standardization and Expectations

1. Auflage 2005
ISBN: 978-3-540-28113-9
Verlag: Springer-Verlag
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 122 Seiten

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".

Autoren/Hrsg.

Langenberg, Tobias

Inhaltsverzeichnis

1;Preface;5
2;Contents;6
3;Introduction;9
4;The Economics of Standardization: Basic Concepts;16
4.1;2.1 Taxonomy of Standards;16
4.2;2.2 Compatibility Standards and the Concept of Network Effects;20
5;Standardization of Educational Signals and Job Matching;23
5.1;3.1 Introduction;23
5.2;3.2 The Basic Signaling Model;25
5.3;3.3 The Job-Matching Effect of Educational Signals;28
5.4;3.4 Standardization of Examination Requirements;36
5.5;3.5 Equilibrium in Mixed Strategies for the Case of Perfect Signals;44
5.6;3.6 Conclusions;45
6;Inter-Technology versus Intra-Technology Competition in Network Markets;47
6.1;4.1 Introduction;47
6.2;4.2 Model Structure;51
6.3;4.3 Fulfilled Expectations Equilibrium;52
6.4;4.4 Entry Deterrence vs. Intra-Technology Competition;66
6.5;4.5 Concluding Remarks;74
7;Standardization of Nascent Technologies: The Tradeoff between Early Standardization and Experimentation;76
7.1;5.1 Introduction;76
7.2;5.2 Model Structure;80
7.3;5.3 Experimentation;83
7.4;5,5 Ex-Ante Standardization vs. Experimentation;100
7.5;5.6 Conclusions;108
8;Summary of Findings;109
9;A1 Appendix to Chapter 3;113
10;A2 Appendix to Chapter 4: Proof of Proposition 8;116
11;References;119