Weitzel, TimKönig, Wolfgang2018-01-162018-01-1620032003https://dl.gi.de/handle/20.500.12116/12373Standards provide for compatibility and can therefore constitute networks. A possible contribution of the discipline of IS is transcending traditional economic network analysis by incorporating an interdisciplinary view on networks with economic utility maximization and an agent-based computational economics (ACE) approach. In doing so, the complex dynamics in networks occasioned by the existence of network effects and socially situated agents with bounded rationality can be modelled using computational laboratories. This provides an important step towards evaluating and develop alternative socioeconomic structures with regard to their effects on individual behavior and social welfare.ACEagent-based computational economicsinstitutioninterdisciplinaritynetworknetwork effectstandardText/Journal Article1861-8936