Title :
Markets, standards, and the information infrastructure
Author :
Greenstein, Shane
Author_Institution :
Dept. of Econ., Illinois Univ., Champaign, IL, USA
Abstract :
The author presents a synthesis of thinking within the economics field about network development and standardization. The analysis focuses on understanding economic factors shaping important contemporary events and the development of standards in tomorrow´s information infrastructure. The motivation for such a synthesis is that many observations about market mechanisms are not consistent with one another, nor do they all transparently synthesize into a single policy vision. The key to understanding this confusion is that standards take on a dual role, as a coordinator and as a constraint. These insights should be useful for the development of appropriate public policy and management strategy.<>
Keywords :
information systems; standards; information infrastructure; management strategy; network development; public policy; standardization; standards; Costs; Economic forecasting; Local area networks; Microprocessors; Power generation economics; Standardization; Standards development; Telephony; Wide area networks; Wireless communication;
Journal_Title :
Micro, IEEE