The economic nature of knowledge embodied in standards for technology-based industries

Authored by: Gregory Tassey

Routledge Handbook of the Economics of Knowledge

Print publication date:  December  2014
Online publication date:  December  2014

Print ISBN: 9780415640992
eBook ISBN: 9780203082324
Adobe ISBN: 9781136178658


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In today’s technology driven economy, multiple standards are required to specify attributes of products, processes, and services. 1 In so doing, they affect both technological innovation and diffusion. Examples are

specifying the architecture of a microprocessor;

specifying performance (quality) levels for solid state lighting (LED) products;

defining the calibration process for photolithography equipment;

characterizing nanomaterials in research databases;

providing performance data for attributes of optical fiber to facilitate market transactions.

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