English, Article, Journal or magazine article edition: The Evolution of Measurement Standards Swee Hoon Chuah; Robert Hoffmann

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Bookmark: http://trove.nla.gov.au/version/11779
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Evolution of Measurement Standards
Author
  • Swee Hoon Chuah
  • Robert Hoffmann
Physical Description
  • preprint
Notes
  • RePEc:nub:occpap:6
  • Measurement activities are central to virtually all technical activities including engineering, construction and scientific research. In addition, the standardisation of measurement can generate considerable economies in production and exchange interactions between economic agents. This paper discusses the evolution of measurement standards from the perspective of both evolutionary game theory and transaction costs economics. The paper identifies the factors which influence the contribution that measurement standardisation can make to economic welfare.
  • Measurement, metrology, mensuration, path dependence, lock-in, conventions, standardisation
  • RePEc:nom:occasi:5
Language
  • English
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