This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...

This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...

This article explores how the components of the technological regime affect catching-up and leadership change in green technologies in countries that are leaders and successful latecomers. We look at the extent to which technological opportunity, cumulativeness, originality and complexity of the...