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The economic functions of standards in the innovation process

In: Handbook of Innovation and Standards

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  • Knut Blind

Abstract

This chapter reviews the role of standards in creating new knowledge and applying it to products and services. Participation in standards development can add significantly to the knowledge base of innovating firms, but standards can also generate negative effects. How they are developed has a significant effect on their outcomes in terms of stimulating or retarding innovation. Questions of the legitimacy of standards and the role of institutions and rules in reflecting a legitimate consensus of affected stakeholders are also critical is this regard. The chapter explores such fundamentals in terms of their economic implications for several of the key activities and practices associated with innovation, for example research and development, public procurement, intellectual property rights, technology transfer and the creation of market demand.

Suggested Citation

  • Knut Blind, 2017. "The economic functions of standards in the innovation process," Chapters, in: Richard Hawkins & Knut Blind & Robert Page (ed.), Handbook of Innovation and Standards, chapter 3, pages 38-62, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15554_3
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    Citations

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    Cited by:

    1. Weiwei Sun & Xueli Zhang & Min Yuan & Zheng Zhang, 2023. "Complex Network Analysis of China National Standards for New Energy Vehicles," Sustainability, MDPI, vol. 15(2), pages 1-15, January.
    2. Münch, Florian Anselm & Marian, Adela, 2022. "The design of technical requirements in public solar auctions: Evidence from India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    3. Noriyuki Doi, 2023. "Curation Strategy of Platforms in the Sharing Economy: A Simple Micro Economic Approach," Discussion Paper Series 247, School of Economics, Kwansei Gakuin University.
    4. Baron, Justus & Kanevskaia, Olia, 2023. "Wearing multiple hats—The role of working group chairs’ affiliation in standards development," Research Policy, Elsevier, vol. 52(9).

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