The Economics of Standards Wars

Victor Stango

147 citations0/0 files storedReview of Network Economics

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Digital Platforms and Economics Merger and Competition Analysis ICT Impact and Policies

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.

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1971The Theory of Economic Regulation 1989Competing Technologies, Increasing Returns, and Lock-In by Historical Events 1985Clio and the economics of QWERTY 2003Platform Competition in Two-Sided Markets 2021The Theory of Economic Regulation 1976Toward a More General Theory of Regulation 1994Increasing Returns and Path Dependence in the Economy 1983A Theory of Competition Among Pressure Groups for Political Influence

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2006The Ecology of Standards Processes: Insights from Internet Standard Making1 2014Standardization revisited: A critical literature review on standards and innovation 2005Vertical E-Business Standards and Standards Developing Organizations: A Conceptual Framework 2004Platform Competition in Telecommunications 2014Standards, innovation, and latecomer economic development: Conceptual issues and policy challenges 2011An economic analysis of standards competition: The example of the ISO ODF and OOXML standards

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