relation: https://publications.ut-capitole.fr/id/eprint/16482/ title: Evolving Technologies and Standards Regulation creator: Cabral, Luis creator: Salant, David J. subject: B- ECONOMIE ET FINANCE description: The EU mandated a single standard for second generation wireless telecommunications, whereas the US allowed several incompatible standards to battle for market share. Motivated by this example, we argue that a single standard leads to a free riding problem, and thus to a significant decrease in marginal incentives for R&D investment. In this context, keeping two separate standards may be a necessary evil to sustain a high level of R&D expenditures. We also provide conditions such that a non-standardization equilibrium is better for consumers and for society as a whole. publisher: Elsevier date: 2014-09 type: Article type: PeerReviewed identifier: Cabral, Luis and Salant, David J. (2014) Evolving Technologies and Standards Regulation. International Journal of Industrial Organization, 36. pp. 48-56. relation: http://tse-fr.eu/pub/27693 relation: 10.1016/j.ijindorg.2013.07.006 identifier: 10.1016/j.ijindorg.2013.07.006 doi: 10.1016/j.ijindorg.2013.07.006 language: en