Standardization in Decentralized Economies

Emmanuelle Auriol and M. Benaim

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This paper studies within a dynamical model how decentralized individuals happen to elect non-proprietary standard. The issue is coordination because the individual benefit of adoption depends on whether other agents elect to adopt the same standard. It shows that whenthere are increasing returns to adoption (convexity) standardization occurs. However which standard is going to be elected is not always predictable.

Keywords: STANDARDIZATION; ECONOMIC EQUILIBRIUM; DECENTRALIZATION (search for similar items in EconPapers)
JEL-codes: C73 D62 L13 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Standardization in Decentralized Economies (2000)
Working Paper: Standardization in Decentralized Economies (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:98a30

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