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Standardization in Technology-Based Markets

Published

Author(s)

Gregory C. Tassey

Abstract

The complexity of modern technology, especially its system character, has led to an increase the number and variety of standards that affect a single industry or market. Standards affect the R&D, production, and market penetration stages of economic activity and therefore have a significant collective effect on innovation, productivity, and market structure. Standards are classified into product-element and nonproduct categories because the two types arise from different technologies and require different formulation and implementation strategies. Because standards are a form of technical infrastructure, they have considerable public good content. Research policy must therefore include standardization in analyses of technology-based growth issues.
Citation
Research Policy
Volume
29
Issue
4-5

Keywords

standardization, innovation, R&D, economic growth, industry structure

Citation

Tassey, G. (2000), Standardization in Technology-Based Markets, Research Policy, [online], https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=912243 (Accessed May 24, 2024)

Issues

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Created May 1, 2000, Updated February 19, 2017