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Abstract:
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The Economics of Standards Wars
The Review of Network Economics
Vol. 3, Issue 1 - March 2004, pp 1-19
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Abstract
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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.
Keywords: Standards, compatibility, network effects, path dependence
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