A System Dynamics Model of Standards Competition

Review (2020)
Author(s)

George Papachristos (Eindhoven University of Technology)

Geerten Van De Kaa (TU Delft - Economics of Technology and Innovation)

Research Group
Economics of Technology and Innovation
Copyright
© 2020 George Papachristos, G. van de Kaa
DOI related publication
https://doi.org/10.1109/TEM.2020.2983352
More Info
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Publication Year
2020
Language
English
Copyright
© 2020 George Papachristos, G. van de Kaa
Research Group
Economics of Technology and Innovation
Bibliographical Note
Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.@en
Issue number
1
Volume number
68
Pages (from-to)
18-32
Reuse Rights

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Abstract

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 published cases of standards competition and explore alternative outcomes. Simulation results align with the published cases and show that the competition outcome arises from the systemic effect of all the factors identified in the original studies. Further simulation tests explore under which conditions competition outcomes could have been different. The model, thus, provides a basis for further theoretical and empirical work on strategic aspects of standards competition in the respective industries of the cases.

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