Name
Abstract | ||
|---|---|---|
The economic impact of the growth dynamic of standardsis often described from a macroeconomic point ofview, employing network effect theory and models dealingwith externalities. Game-theoretic models try to depictand predict the situation on the microeconomic side. Wefollow a new approach, which simulates the system's behaviorbased on the modeling of a set of individual con-ductionrules, and their interaction in a closed environ-ment.Implementing such an Agent based ComputationalEconomics approach, using a simulation environmentcalled SWARM, we assume the existence of three firmsizes combined with three types of standards. Each standardhas an optimal fit to a firm size, which results inreduced costs according to standardization benefits,whereas other combinations lead to lower savings respectively.In addition we postulate initial standardizationcost for internal restructuring measures and differentscopes of communication fitted to the three firm types.Each firm can repeatedly decide to standardize in varioussimulation passes depending on an expected standardizationbenefit. As an outcome of various simulations, weobserve a dominance of the communication standard preferredby the large companies as a function of growingnetwork density. For an increasing communication rangethe same behavior emerges for all firm types. The modelunderpins the well known concentration tendency in realworlds' technology markets. |
Year | DOI | Venue |
|---|---|---|
2003 | 10.1109/HICSS.2003.1173884 | HICSS |
Keywords | Field | DocType |
communication standard preferredby,software standards,concentration tendency,firm size,closed environ-ment,game-theoretic model,models dealingwith externality,new approach,computationaleconomics approach,firm type,increasing communication rangethe,economics,standardisation,economic impact,macroeconomics,network effect,software agents | Economic impact analysis,Swarm behaviour,Computer science,Software agent,Network effect,Externality,Agent-based computational economics,Standardization,Management science,Restructuring | Conference |
ISBN | Citations | PageRank |
0-7695-1874-5 | 1 | 0.41 |
References | Authors | |
4 | 3 | |
Name | Order | Citations | PageRank |
|---|---|---|---|
| Tim Stockheim | 1 | 75 | 11.17 |
| Michael Schwind | 2 | 81 | 10.71 |
| Wolfgang König | 3 | 1 | 0.41 |