A System Dynamics Model of Standards Competition

Standards competition is a complicated process influenced by a large number of factors and mechanisms. This article develops a simulation model that draws on current theory of standards competition dynamics and represents the interplay of strategic factors that firms can use to gain a competitive advantage. The model is used to reproduce four...

Understanding platform competition through simulation: a research outline

Platform competition shapes and is shaped by a constantly changing socioeconomic context. Three trends provide evidence for this: (i) the number of firm level relevant factors for platform success is steadily increasing, (ii) contemporary cases of platform competition take less time to unfold, and (iii) industries converge. These trends...

Residential grid storage technology battles: a multi-criteria analysis using BWM

This article focuses on the battle for dominance between various battery technologies in the residential grid storage market (< 10 KWh) in the context of residential energy systems and the related home energy management systems. We focus on five major battery technologies that are available in the market (lithium-based batteries, lead...