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The Economics of Standards Wars

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  • Stango Victor

    (Federal Reserve Bank of Chicago)

Abstract

Policymakers face an increasing number of questions regarding whether markets efficiently choose technological standards. In this essay I survey the economic literature regarding standards, focusing on arguments that markets move between standards either too slowly or too swiftly.

Suggested Citation

  • Stango Victor, 2004. "The Economics of Standards Wars," Review of Network Economics, De Gruyter, vol. 3(1), pages 1-19, March.
    • Handle: RePEc:bpj:rneart:v:3:y:2004:i:1:n:1
    DOI: 10.2202/1446-9022.1040
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    Citations

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    Cited by:

    1. Carlos Martí Sempere, 2011. "A Survey of the European Security Market," Economics of Security Working Paper Series 43, DIW Berlin, German Institute for Economic Research.
    2. Slivko, Olga, 2012. "Direct and indirect subsidies in markets with system goods in the presence of externalities. Preliminary version," Working Papers 2072/211631, Universitat Rovira i Virgili, Department of Economics.
    3. Tamura, Suguru, 2016. "A new intellectual property metric for standardization activities," Technovation, Elsevier, vol. 48, pages 87-98.
    4. Chia‐Hui Chen & Junichiro Ishida, 2021. "A War of Attrition with Experimenting Players," Journal of Industrial Economics, Wiley Blackwell, vol. 69(2), pages 239-269, June.
    5. Jin-Bom Han & Sun-Hak Kim & Myong-Hun Jang & Kum-Sun Ri, 2020. "Using Genetic Algorithm and NARX Neural Network to Forecast Daily Bitcoin Price," Computational Economics, Springer;Society for Computational Economics, vol. 56(2), pages 337-353, August.
    6. Raf Buyle & Mathias Van Compernolle & Eveline Vlassenroot & Ziggy Vanlishout & Peter Mechant & Erik Mannens, 2018. "“Technology Readiness and Acceptance Model” as a Predictor for the Use Intention of Data Standards in Smart Cities," Media and Communication, Cogitatio Press, vol. 6(4), pages 127-139.
    7. Petr Očko, 2005. "Vymezení a aktuální problémy informační ekonomiky [Definition and topical problems of the information economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(3), pages 383-404.
    8. Heinrich, Torsten, 2014. "Standard wars, tied standards, and network externality induced path dependence in the ICT sector," Technological Forecasting and Social Change, Elsevier, vol. 81(C), pages 309-320.
    9. Steiner, Michael & Wiegand, Nico & Eggert, Andreas & Backhaus, Klaus, 2016. "Platform adoption in system markets: The roles of preference heterogeneity and consumer expectations," International Journal of Research in Marketing, Elsevier, vol. 33(2), pages 276-296.
    10. Tadayoni, Reza & Henten, Anders & Sørensen, Jannick, 2018. "Mobile communications – On standards, classifications and generations," Telecommunications Policy, Elsevier, vol. 42(3), pages 253-262.
    11. Massaro, Maria & Beltrán, Fernando, 2020. "Will 5G lead to more spectrum sharing? Discussing recent developments of the LSA and the CBRS spectrum sharing frameworks," Telecommunications Policy, Elsevier, vol. 44(7).
    12. Michal Polasik, 2015. "The Potential for Development of Mobile Payments and mPOS Usage on the Polish Market: Empirical Results (Potencjal rozwoju platnosci mobilnych i zastosowania mPOS na rynku polskim. Wyniki badan empiry," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 13(54), pages 65-84.
    13. Vialle, Pierre & Song, Junjie & Zhang, Jian, 2012. "Competing with dominant global standards in a catching-up context. The case of mobile standards in China," Telecommunications Policy, Elsevier, vol. 36(10), pages 832-846.
    14. Felix B. Buesching & Dennis M. Steininger & Daniel J. Veit, 2023. "Governing digital crisis responses: platform standards and the dilemma of COVID-19 contact tracing," Journal of Business Economics, Springer, vol. 93(1), pages 267-323, January.
    15. Tadayoni, Reza & Henten, Anders & Sørensen, Jannick, 2017. "Mobile communications: On standards, classifications and generations," 28th European Regional ITS Conference, Passau 2017 169501, International Telecommunications Society (ITS).
    16. Diego Ponte & Alessandro Rossi & Marco Zamarian, 2008. "The role of competencies and interests in developing complex IT-artefacts: the case of a metering system," DISA Working Papers 0804, Department of Computer and Management Sciences, University of Trento, Italy, revised 07 Jul 2008.
    17. Pontiggia, Andrea & Virili, Francesco, 2010. "Network effects in technology acceptance: Laboratory experimental evidence," International Journal of Information Management, Elsevier, vol. 30(1), pages 68-77.

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