Journal ArticleDOI
Invisible hands and visible advisors: An economic interpretation of standardization
Reads0
Chats0
TLDR
In this paper, the authors provide an outline of the economic factors influencing the development of standards, including market mechanisms, organizations that combine market participants and government guidance, and the costs of technical alternatives.Abstract:
This article provides an outline of the economic factors influencing the development of standards. Standards may develop through market mechanisms, organizations that combine market participants and government guidance. Each of these mechanisms may produce desirable outcomes or distort them, depending on market structure, chance historical events, and the costs of technical alternatives. Many economically desirable and distorted outcomes are possible in theory, while in practice, it is often difficult to know what is a good or bad economic choiceread more
Citations
More filters
Journal ArticleDOI
Industry-wide information systems standardization as collective action: the case of the U.S. residential mortgage industry
TL;DR: This contribution examines VIS standardization through the lens of collective action theory, applied in the literature to information technology product standardization, but not yet to VIS standardized, which is led by heterogeneous groups of user organizations rather than by IT vendors.
Journal ArticleDOI
Competing Through Innovation in Network Markets: Strategies for Challengers
TL;DR: In this article, the authors developed a typology of product innovation to model expected returns from different types of innovation, and showed that radical innovation can be more profitable than incremental innovation, incompatible innovation more preferable than compatible innovation and radical-incompatible innovation more profitable and less risky than incremental-compatible innovation.
Journal ArticleDOI
Electronic health records: how can IS researchers contribute to transforming healthcare?
Rajiv Kohli,Sharon Swee-Lin Tan +1 more
TL;DR: This work identifies two primary thematic areas—integration and analytics—in which the information systems discipline can contribute to EHRs and recommends for IS scholars to collaborate with allied healthcare disciplines in order to advance the use of EHR to improve patient care.
Journal ArticleDOI
A standards war waged by a developing country: Understanding international standard setting from the actor-network perspective
Heejin Lee,Sangjo Oh +1 more
TL;DR: It is found that China’s attempt to set WAPI as a national standard failed in enrolling other actors mainly due to the fact that WAPI was too closed a standard even for a de jure one; China did not release the WAPI security algorithm to the scrutiny of the international community.
Journal ArticleDOI
Information Infrastructure Development and Governance as Collective Action
TL;DR: There is a clear gap in the literature in better understanding how to govern the development of information infrastructures using a bottom-up approach, and contributions on the collective action challenges in infrastructure development are developed and how a polycentric approach to governance might be further developed to promote the ongoing cultivation of informationInfrastructure from the bottom up.
Related Papers (5)
The Economics Of Compatibility Standards: An Introduction To Recent Research 1
Paul A. David,Shane Greenstein +1 more