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Adoption of Standards under Uncertainty

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  • Michael Ostrovsky
  • Michael Schwarz

Abstract

The 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. The criterion for the viability of a standard is that the sum of \support ratios" of all players must be smaller than one, where \support ratio" is de ned as the ratio of the rm's per-period cost of supporting the standard to the per-period gross bene t that the rm receives after all players comply with the standard.

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  • Michael Ostrovsky & Michael Schwarz, 2003. "Adoption of Standards under Uncertainty," Harvard Institute of Economic Research Working Papers 2013, Harvard - Institute of Economic Research.
    • Handle: RePEc:fth:harver:2013
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    Cited by:

    1. Jack Ochs, 2006. "Dynamic Network Formation," Working Paper 233, Department of Economics, University of Pittsburgh, revised Jan 2006.
    2. 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.
    3. Gary Biglaiser & Jacques Crémer, 2020. "The Value of Incumbency When Platforms Face Heterogeneous Customers," Post-Print hal-03049041, HAL.
    4. Min-Hung Tsay, 2012. "Preemption and rent equalization in the adoption of new technology: comment," Economics Bulletin, AccessEcon, vol. 32(2), pages 1680-1686.
    5. Martin A. Lariviere & Jan A. Van Mieghem, 2004. "Strategically Seeking Service: How Competition Can Generate Poisson Arrivals," Manufacturing & Service Operations Management, INFORMS, vol. 6(1), pages 23-40, January.
    6. Bumin Yenmez, M., 2012. "Dissolving multi-partnerships efficiently," Journal of Mathematical Economics, Elsevier, vol. 48(2), pages 77-82.
    7. Frederik Schmidt, 2008. "Innovation contests with temporary and endogenous monopoly rents," Review of Economic Design, Springer;Society for Economic Design, vol. 12(3), pages 189-208, September.
    8. , & , P., 2014. "Refinements of Nash equilibrium in potential games," Theoretical Economics, Econometric Society, vol. 9(3), September.
    9. Sofia Moroni, 2018. "Games with Private Timing," Working Paper 6400, Department of Economics, University of Pittsburgh.
    10. Gary Biglaiser & Jacques Crémer & André Veiga, 2022. "Should I stay or should I go? Migrating away from an incumbent platform," RAND Journal of Economics, RAND Corporation, vol. 53(3), pages 453-483, September.

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