Standards Setting, Standards Development and Division of the Gains from Standardization

By David J. Teece and Edward F. Sherry –

According to this article, standards development frequently involves significant R&D and related investments by technology contributors. These contributions benefit the standard setting process and therefore the implementers that use the standards, and consumers that buy the product. It is important that technology contributors are rewarded for their inventions. What should the F in FRAND stand for: “fair” or “free”?

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