Standard as Interface

Chihiro Suematsu
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Chihiro Suematsu: Kyoto University

Chapter 3 in Transaction Cost Management, 2014, pp 65-95 from Springer

Abstract: Abstract The concept of fixing interfaces strongly relates to the one of a standard. In order to gain higher ROI of an interface, fixing alone is not sufficient enough. The recognition and full use by every related person (effectively the standardization) is indispensable. If the number of users is small, the ROI decreases, which prevents compensating the cost for fixing the interface. Such valueless developments frequently occur in companies, amounting to huge losses.

Keywords: Market Share; Transaction Cost; Intellectual Property; Network Externality; Reduce Transaction Cost (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-06889-3_3

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DOI: 10.1007/978-3-319-06889-3_3

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