Economic aspects of standardization

This unit explores a selected number of economic issues related to standards and their impacts mainly on economic performance. In doing so, the learners familiarize with basic economic concepts underlying standards and the standardization process. These concepts are essential to gain a full understanding of the two proceeding chapters which cover some fundamental economic aspects of standardization, including the interrelation between standards and technical change, competition, and international trade. In response to the international context of standardization, this unit will allocate a considerable volume of content to investigating the impacts of standards on one of the most important economic activities in our era: international trade.




Comparative advantages, Consumer surplus, Direct network effects, Economies of scale, Indirect network externalities, Information asymmetry, Learning cost, Market Ppower, Market failure, Mass distribution, Mass production, Network externality, Private marginal benefit, Property rights, SPS Agreement, Search cost, Social marginal benefit, TBT Agreement, Transaction costs, Utility

Additional information:

AuthorsPham, Hung Thai
Publisher:Wilfried Hesser,
First published / Last update: 2006 / 2010
Courses:University program level: Master and Bachelor degree; further education material (self studying material) for experts from industry and policy makers China Jiliang University, Hangzhou, PR of China Helmut Schmidt University, Hamburg, Germany Institut Teknologi Bandung, Bandung, Indonesia National Economics University, Hanoi, Vietnam University of Moratuwa Katubedda, Moratuwa, Sri Lanka Inklaar Consultants, Hamburg, Germany