We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the …-quality platform remain focal? In the finite-horizon case, the unique equilibrium is efficient for "patient" platforms; with an … quality is lower, and this probability increases as platforms become more patient. Hence social welfare may decline as …

). In addition, we test if the impact on mobile phone diffusion differs whether technologies are local or global standards …

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 … shows that network externalities play a major role in the use of standards, and that, on the other hand, worldwide standards …

, market structure, market share and profits inequality, choice of technical standards, relationship between the number of …

, market structure, market share and profits inequality, choice of technical standards, relationship between the number of …