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Author: Assistant Professor of Classics Joseph Farrell
Publisher:
ISBN: 9781332256464
Category : Games
Languages : en
Pages : 48
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Book Description
Excerpt from Coordination Through Committees and Markets We discuss three common mechanisms for achieving coordination, with particular reference to the choice of compatibility standards. The first involves explicit communication and negotiation before irrevocable choices are made: it represents what standardization committees do. The second mechanism, by contrast, involves no explicit communication, and depends on unilateral irrevocable choices: it succeeds if one agent chooses first and the other(s) follow. This is a simple version of market leadership. We analyze these two mechanisms in a simple model, and show that the committee is more likely to achieve coordination. Moreover, although it is slower, it outperforms the market mechanism, even when we allow for the value of speed. Third, we examine a hybrid of the first two mechanisms, in which both talk and unilateral preemptive actions are allowed. We show that, far from marring its performance, unilateral actions improve upon the committee system. This hybrid system more closely resembles the committee system the more important coordination is, relative to conflict. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Assistant Professor of Classics Joseph Farrell
Publisher:
ISBN: 9781332256464
Category : Games
Languages : en
Pages : 48
Get Book Here
Book Description
Excerpt from Coordination Through Committees and Markets We discuss three common mechanisms for achieving coordination, with particular reference to the choice of compatibility standards. The first involves explicit communication and negotiation before irrevocable choices are made: it represents what standardization committees do. The second mechanism, by contrast, involves no explicit communication, and depends on unilateral irrevocable choices: it succeeds if one agent chooses first and the other(s) follow. This is a simple version of market leadership. We analyze these two mechanisms in a simple model, and show that the committee is more likely to achieve coordination. Moreover, although it is slower, it outperforms the market mechanism, even when we allow for the value of speed. Third, we examine a hybrid of the first two mechanisms, in which both talk and unilateral preemptive actions are allowed. We show that, far from marring its performance, unilateral actions improve upon the committee system. This hybrid system more closely resembles the committee system the more important coordination is, relative to conflict. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Joseph Farrell
Publisher: Franklin Classics Trade Press
ISBN: 9780353213852
Category : Games & Activities
Languages : en
Pages : 48
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Book Description
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Aashish Velkar
Publisher: Cambridge University Press
ISBN: 1107023335
Category : Business & Economics
Languages : en
Pages : 279
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Book Description
An economic and social history of measurements in nineteenth-century British markets, showing how social conventions shaped local practices and economic institutions. This book uncovers how metrology alone failed to make 'measurements' reliable, and discusses the importance of localised practices based on political and social values in shaping trust in measurements.
Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author: Jeffrey L. Funk
Publisher: Springer
ISBN: 0230288863
Category : Business & Economics
Languages : en
Pages : 311
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Book Description
Managing technology and globalization are two of the main concerns facing companies today. This book argues that the success of firms such as Ericsson and Nokia is a function of how they have managed these two areas simultaneously. The author summarises the development of the global mobile communications industry to date, examining how global standards have been established, and why particular firms have succeeded within these standards. He goes on to examine the factors that will determine the market leaders in third-generation mobile communications systems and phones, and shows how other high technology industries can benefit from the strategies used.
Author: Susanne K. Schmidt
Publisher: MIT Press
ISBN: 9780262193931
Category : Computers
Languages : en
Pages : 386
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Book Description
In Coordinating Technology, Susanne Schmidt and Raymund Werle present three case studies that highlight the actors, the process, the politics, and the influence exerted by international organizations in the construction of standards. The case studies concern the standards for facsimile terminals and transmission, videotex (a service that, with the exception of the French Minitel service, largely failed), and electronic mail. Schmidt and Werle follow each story from the realization by certain actors of the need for a standard, through complex negotiation processes involving many economic, political, and social interests, to the final agreement on a standard. In their analysis of these cases, they emphasize the many ways in which the processes are embedded in institutional structures and argue for the value of an institutionalist approach to technology studies.
Author: Michelle Egan
Publisher: OUP Oxford
ISBN: 0191529524
Category : Political Science
Languages : en
Pages : 382
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Book Description
Efforts to tackle the trade impeding effects of divergent standards and regulations are at the core of European economic relations. This volume draws on literature from several disciplines to develop a comprehensive account of the regulatory strategies and institutional arrangements adopted by the EU in promoting the single market in goods. It provides a historical overview and detailed cases studies of the various policy initiatives that have altered the boundaries between the public and private sector in fostering market integration. Tackling interstate barriers to trade has relied heavily on European law to shape the framework of relations between states, and trade liberalization has been facilitated by legal rulings resolving territorial conflicts over regulatory jurisdiction and authority. The European Court of Justice has actively shaped markets, acting as a 'free trade umpire' in balancing the goals of market liberalization and market regulation while fostering market compliance. Although markets are absolutely dependent on public authority, the institutional innovation of the EU has been to use the private sector in an ancillary role to the state. By delegating responsibility to set standards for market access, the EU has chosen to draw on the resources of private actors, resulting in a system of governance that is a distinctive, hybrid model of regulation composed of state and non-state actors. Though the "outsourcing" of public sector regulatory activity was expected to be more effective than the process of regulatory harmonization, progress has been difficult. The current deficit in setting standards for European-wide market access raises concerns about the efficiency and effectiveness of such a regulatory regime. Egan provides a detailed evaluation of that process, highlighting regulatory gaps in the single market and the need to focus not only on the process of market integration, but also its outcome and impact on European business. Comparisons with American efforts to create a national market are made throughout to demonstrate the difficulties of constructing and maintaining a single market. American and European efforts to devise a uniform market for commerce and trade have involved both public and private authorities, though with different degrees of coordination and centralization, as many of the strategies undertaken by the EU echo earlier American market-building efforts.
Author: Mark Dodgson
Publisher:
ISBN: 019969494X
Category : Business & Economics
Languages : en
Pages : 722
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Book Description
While innovation is widely recognised as being critical to organisational success and the well-being of societies, it requires careful management to ensure that innovation processes have the best possible impact. This volume provides a wide range of perspectives on the nature of innovation management and its influences.
Author: Kurt Vanmechelen
Publisher: Springer
ISBN: 3642351948
Category : Computers
Languages : en
Pages : 258
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Book Description
This book constitutes the refereed proceedings of the 9th International Workshop on Economics of Grids, Clouds, Systems, and Services, GECON 2012, held in Berlin, Germany, in November 2012. The 12 revised full papers presented together with 6 work in progress papers were carefully reviewed and selected from more than 36 submissions. The papers are organized in the following topical sections: market mechanisms, pricing and negotiation; resource allocation, scheduling and admission control; work in progress on tools and techniques for cost-efficient service selection; market modeling; trust; cloud computing in education; and work in progress on cloud adoption and business models.
Author: Eli M. Noam
Publisher: MIT Press
ISBN: 9780262263931
Category : Business & Economics
Languages : en
Pages : 346
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Book Description
This book describes the transformation of telecommunications from national network monopolies to a new system, the "network of networks," and the glue that holds it together, interconnection. By their very nature, monopoly-owned networks provided a small number of standardized, nationwide services. Over the past two decades, however, new forces in the world economy began to unravel this traditional system. The driving force behind the change was the shift toward an information-based economy. Especially for large organizations, the price, control, security, and reliability of telecommunications became variables requiring organized attention. Thus, monopoly began to give way to the "network of networks," the foundation of today's telecommunications and Internet infrastructure. Taking a broad, multidisciplinary perspective Eli Noam discusses the importance and history of interconnection policy, as well as recent policy reforms both within the United States and around the globe. Other important topics he discusses include interconnection prices, the unbundling of interconnection, and the technology of interconnection. He concludes with an examination of social and policy issues, including the free flow of content, universal service and privacy protection, and the future of telecommunications.
