The Pros and Cons of Standard Setting

In the book the authors discuss how different standards may represent an obstacle to functioning competition. However, standards may simultaneously be an effective tool to guarantee diversity and innovations and thus strengthen competition. Standard setting has become an area of disputes where firms view the same set of facts very differently depending on their incentives. Designing adequate competition rules that in an easy way handles these issues is hard. Competition authorities are thus helped by a deeper knowledge of the incentive structures in standards setting organisations. This volume is devoted to exploring the pros and cons of standard setting