search query: @author Auriol, E. / total: 4
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| Author: | Auriol, E. Benaim, M. |
| Title: | Standardization in decentralized economies |
| Journal: | American Economic Review
2000 : JUN, VOL. 90:3, p. 550-570 |
| Index terms: | DYNAMIC MODELS GAME THEORY |
| Language: | eng |
| Abstract: | This paper presents a dynamic model, inspired by evolutionary game theory, of how standards and norms emerge in decentralized economies. It shows that standardization outcomes depend on adopters' attitudes to problems caused by incompatibility. If individuals display aversion to incompatibility, standardization never fails to happen eventually, but societies sometimes end up picking inferior standards. |
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