, or more than one platform (multihoming), depending on access prices and the choices made by agents on the opposite market … side. Although emerging multihoming patterns are, clearly, one aspect of equilibrium in a two-sided market, this issue has …

This paper discusses the design, implementation and use of standards from the perspective of transaction costs … economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which … shows that network externalities play a major role in the use of standards, and that, on the other hand, worldwide standards …