Switching costs and network effects bind customers to vendors if products are incompatible,
locking customers or even markets in to early choices. Lock-in hinders customers from …

This paper surveys the contributions that economists have made to understanding standards-
setting processes and their consequences for industry structure and economic welfare …

" Creating a clear, analytical framework for readers, Institutions and Organizations: Ideas
and Interests, Third Edition continues to reflect the richness and diversity of institutional …

Creating a clear, analytical framework, this comprehensive exploration of the relationship
between institutional theory and the study of organizations continues to reflect the richness …

Distributed ledger technologies (DLTs) are rewriting conventional notions of business
transacting, creating fresh opportunities for value creation and capture. Using qualitative …

Causal ambiguity inherent in the creation of productive processes is modeled by attaching
an irreducible ex ante uncertainty to the level of firm efficiency that is achieved by sequential …

There are often benefits to consumers and to firms from standardization of a product. We
examine whether these standardization benefits can" trap" an industry in an obsolete or …

The economic, population ecology and strategic perspectives on firm survival are here
complemented by viewing the same phenomenon from the viewpoint of technology …

The Economics of Standards – Theory, Evidence, Policy | Elgar Online: The online content
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Standards are receiving increasing attention, especially at the transnational level where
standardization aims at coherence and social ordering beyond the nation-state. However …