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The Evolution of Measurement Standards

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Author Info
Swee Hoon Chuah () (Nottingham University Business School)
Robert Hoffmann () (Nottingham University Business School)

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Abstract

Measurement activities are central to virtually all technical activities including engineering, construction and scientific research. In addition, the standardisation of measurement can generate considerable economies in production and exchange interactions between economic agents. This paper discusses the evolution of measurement standards from the perspective of both evolutionary game theory and transaction costs economics. The paper identifies the factors which influence the contribution that measurement standardisation can make to economic welfare.

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File URL: ftp://all.repec.org/RePEc/nom/occasi/measurement.pdf
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Publisher Info
Paper provided by Nottingham University Business School in its series Occasional Papers with number 5.

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Length: 11 pages
Date of creation: 02 2004
Date of revision:
Handle: RePEc:nom:occasi:5

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Related research
Keywords: Measurement; metrology; mensuration; path dependence; lock-in; conventions; standardisation;

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Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes

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This page was last updated on 2009-11-5.

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