Standardization in Technology-Based Markets

  title={Standardization in Technology-Based Markets},
  author={Gregory Tassey},
The complexity of modern technology, especially its system character, has led to an increase the number and variety of standards that affect a single industry or market. Standards affect the R&D, production, and market penetration stages of economic activity and therefore have a significant collective effect on innovation, productivity, and market structure. Standards are classified into product-element and nonproduct categories because the two types arise from different technologies and… CONTINUE READING

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