This paper aims to help policy makers identify how standards can contribute to the effective and cost … discuss what standards are, how the process of standardization works, and how standards are related to induced innovation and …-saving technologies. This broad perspective enables us to identify interesting economic dimensions of standards, such as their …

contrast, uncertainty about the catastrophic threshold typically causes coordination to collapse. Whether the probability …

private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …

. Whereas agents have a coordination motive to take the same position, at the social level effective market coordination per se …

Global Games approach we can solve this coordination problem and eliminate the problem of multiple equilibria. We show how …