A selective review of the economics of standardization. Entry deterrence, technological progress and international competition

This article provides a selective overview of the literature on standardization. First, it summarizes the essential mechanisms underlying the economics of product compatibility and, in so doing, reviews the various frameworks that have been used. A survey of the existing work about the consequences of compatibility on entry deterrence and technological progress is carried out and finally some implications of the literature for trade policy in the presence of network externalities are investigated and some directions for future research are suggested.

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Published:1996
Classification:Publications with Economic / Trade Focus
AuthorsCarmen Matutes, Pierre Regibeau
Other bibliographical information:In European Journal of Political Economy, vol. 12(2), pp. 183-209.