Economic Issues in Standardization
Economic Issues in Standardization
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In our eReader you can find the full English version of the book. Read Economic Issues in Standardization Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Economic Issues in Standardization
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Intuitively, the externality im. Posed by one group of buyers on the other is alv. -sys negative if the first group chooses to be incom- patible. However, there can be multiple equilibria, and it is possible for compatibility to be an equilibrium even though the optimum is to have incom- patibility and variety. Perhaps in practice this is most likely to be a prob- lem v;hen the need for variety has historically been less important than it be- 10 comes, so that standardization is the status que.... Witli more than two groups of buyers, a move by one cannot necessarily be simply described as towards "more" or "less" standardisation; the matter then becomes even more complicated".
3. Excess Inertia and Excess Momentum There can be a substantial loss froir, being on the wrong standard. In a naive sense, this is com. -non: many standards are inferior to the state of the art (we would not choose ther if we were designing afresh). It is a more dif- fir_lt question whetiier the benefit to sv. -itchmg exceeds the transition costs.
What to read after Economic Issues in Standardization?
You can find similar books in the "Read Also" column, or choose other free books by Joseph Farrell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Intuitively, the externality im. Posed by one group of buyers on the other is alv. -sys negative if the first group chooses to be incom- patible. However, there can be multiple equilibria, and it is possible for compatibility to be an equilibrium even though the optimum is to have incom- patibility and variety. Perhaps in practice this is most likely to be a prob- lem v;hen the need for variety has historically been less important than it be- 10 comes, so that standardization is the status que.... Witli more than two groups of buyers, a move by one cannot necessarily be simply described as towards "more" or "less" standardisation; the matter then becomes even more complicated".
3. Excess Inertia and Excess Momentum There can be a substantial loss froir, being on the wrong standard. In a naive sense, this is com. -non: many standards are inferior to the state of the art (we would not choose ther if we were designing afresh). It is a more dif- fir_lt question whetiier the benefit to sv. -itchmg exceeds the transition costs.
What to read after Economic Issues in Standardization?
You can find similar books in the "Read Also" column, or choose other free books by Joseph Farrell to read onlineMoreLess
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