Adoption of Standards Under Uncertainty
AbstractThe presence of noise in compliance times may have a critical impact on the selection of new technological standards. A technically superior standard is not necessarily viable because an arbitrarily small amount of noise may render coordination on that standard impossible. We introduce the concept of a firm's "support ratio," defined as a function that depends only on characteristics of that firm. We show that for sufficiently patient firms, the viability of a standard does not depend on the distribution of noise in compliance times. The criterion for the viability of a standard is that the sum of support ratios of all firms be smaller than one.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by The RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 36 (2005)
Issue (Month): 4 (Winter)
Contact details of provider:
Web page: http://www.rje.org
Other versions of this item:
- Michael Ostrovsky & Michael Schwarz, 2003. "Adoption of Standards under Uncertainty," Harvard Institute of Economic Research Working Papers 2013, Harvard - Institute of Economic Research.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ochs, Jack & Park, In-Uck, 2010.
"Overcoming the coordination problem: Dynamic formation of networks,"
Journal of Economic Theory,
Elsevier, vol. 145(2), pages 689-720, March.
- Ochs, Jack & Park, In-Uck, 2004. "Overcoming the Coordination Problem: Dynamic Formation of Networks," CEI Working Paper Series 2004-18, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Jack Ochs & In-Uck Park, 2005. "Overcoming the Coordination Problem: Dynamic Formation of Networks," Levine's Bibliography 172782000000000046, UCLA Department of Economics.
- Oriol Carbonell-Nicolau & Richard McLean, 2011.
"Refinements of Nash equilibrium in potential games,"
Departmental Working Papers
201125, Rutgers University, Department of Economics.
- Carbonell-Nicolau, Oriol & McLean, Richard P., 0. "Refinements of Nash equilibrium in potential games," Theoretical Economics, Econometric Society.
- Min-Hung Tsay, 2012. "Preemption and rent equalization in the adoption of new technology: comment," Economics Bulletin, AccessEcon, vol. 32(2), pages 1680-1686.
- Jack Ochs, 2006. "Dynamic Network Formation," Working Papers 233, University of Pittsburgh, Department of Economics, revised Jan 2006.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.