Standardization and expectations. (Q2571108)
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scientific article; zbMATH DE number 2222783
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
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| English | Standardization and expectations. |
scientific article; zbMATH DE number 2222783 |
Statements
Standardization and expectations. (English)
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3 November 2005
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The author answers three questions in Standardization: 1. How may existing standards affect the agents' expectations? 2. How may expectations affect the evolution of standards? 3. What are the welfare implications of the equilibrium, and which solutions would be imposed by a social planner?
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evolution of standards
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equilibrium
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solutions
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0.7008816599845886
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0.6952543258666992
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0.6892162561416626
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