Traditional analyses of standards in international trade identify standards as government regulations and investigate the potential for distortion of trade flows. In reality, however, private industry groups exercise critical influence on the determination of technical standards. The composition...

This is a set of 3 short papers on IP and standardisation. The first paper, assuming that in the field of ICT standardisation the future will look like the present, holds that developing corporate and government strategies on this assumption may prove a costly illusion for many actors. A...

This paper introduces the concept of standard risk aversion. A von Neumann-Morgenstern utility function has standard risk aversion if any risk makes a small reduction in wealth more painful (in the sense of an increased reduction in expected utility) also makes any undesirable, independent risk...

In July 2020, CCSI made a formal submission to Bonsucro, an international multi-stakeholder initiative and certification scheme concerned with promoting sustainable sugar cane production. The submission formed part of consultations for Bonsucro’s draft Production Standard version 5. CCSI’s...

Sensitivities are the core inputs to the Standardized Approach of the Fundamental Review of the Trading Book (FRTB) and are costly to implement and calculate for large portfolios and complex products. The internally calculated sensitivities by institutions may not be directly applicable for FRTB...

We examine anticipatory product standards intended to improve the strategic position of firms in an international patent race where firms do R&D to develop products that are close substitutes. The effects of a standard are shown to depend on the way the standard is specified, which firm develops...

In this paper, I investigate matching problems where priorities and preferences are misaligned. In the case of centralized college admissions, students are matched based on their test scores in standardized tests (priorities), a noisy realization of their aptitudes (colleges' preferences) due to...