The Economic Realities of Open Standards : Black , White and Many Shades of Gray Joel West

  title={The Economic Realities of Open Standards : Black , White and Many Shades of Gray Joel West},
  author={Shane Greenstein and Victor Stango},
Open standards have long been popular among buyers of goods and services in the information technology sector. Self-interested buyers and sellers, however, have had incentives to overstate (or understate) the openness of various standards. This paper rejects the simplified view that there is a single model of an open standard, as well as the assumption that a fully open solution is always an optimal (or even a feasible) outcome. The author analyzes various economic and technological forces that… CONTINUE READING
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