Standardization, Compatibility, and Innovation
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 in...
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 in...
A good is often more valuable to any user, the more others use compatible goods. The authors show that this effect may inhibit innovation. If an installed base exists and transi...
h-index: Number of publications with at least h citations each.