Title
The Economics of Standards Wars
Author
Victor Stango, Senior Economist, Federal Reserve Bank of Chicago
Date
1/01/2005
(Original Publish Date: 2004)
(Original Publish Date: 2004)
Abstract
Policymakers face an increasing number of questions regarding whether markets efficiently choose technological standards. In this essay I survey the economic literature regarding standards, focusing on arguments that markets move between standards either too slowly or too swiftly.