Antitrust Overreach: Undoing Cooperative Standardization in the Digital Economy

We take for granted that an Apple iPhone can “talk” with a Samsung Galaxy smartphone and a Dell laptop can communicate with an HP printer.  As I describe in a new paper, this ubiquitous interoperability has relied on a standardization infrastructure involving the cooperative efforts of multiple firms. Some of those firms focus on the R&D that contributes technologies toward the standard-setting process and others specialize in embedding those technologies in smartphones, laptops, and other devices.  This multi-firm mechanism contrasts favorably with the historically dominant alternatives of achieving standardization through a single entity: a government monopoly, which suffers from informational … Read more