Standardization processes are quickly replacing regulation and competition as the primary method that technical specifications are deployed as rules, guidelines, or definitions of characteristics that ensure materials, products, processes and services are consistently fit for their purposes....

The fundamental question in the economics of innovation is how technological change is generated in competitive markets. This study confronts this question here by developing the concept of disruptive firms that deliberate introduce new and improved generations of durable goods that destroy,...

This paper analyzes a special type of technology evolution, referred to in the literature as disruptive technology vs. sustaining technology. In general, ldquo;oldrdquo; products based on sustaining technology are perceived to be superior to the ldquo;newrdquo; ones based on disruptive...