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Bleeding-Edge Mass Market Standards [Micro Economics]

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1 Author(s)
Greenstein, Shane ; greenstein@kellogg.northwestern.edu

To have a large impact, bleeding-edge mass market standards must do two things: diffuse widely and provide new functionality. Curiously, however, although these standards are often built from advanced technologies, they cannot deploy on a wide scale without building upon other widely deployed routines or less-advanced processes. A new standard's ultimate impact is often uncertain at the time of deployment for numerous reasons. Technical constraints or simple lack of imagination, for example, might prevent participants from designing a perfect standard at the outset.

Published in:

Micro, IEEE  (Volume:30 ,  Issue: 2 )