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Market mechanism may or may not throw up compatibility in markets for systems where network effect arises due to complementarity of component parts of a system. We consider a game, where, in stage 1, the firms decide whether to standardise on a single technological platform or not and at the...
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Over the last decades, technological progress has brought about a multitude of standardization problems. For instance … firms to influence consumers' expectations. Consisting of three models on various aspects of standardization and … problems such as 'Inter-Technology vs. Intra-Technology Competition' and 'Standardization of Nascent Technologies'. …
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