In economics, a network effect is the phenomenon by which the value or utility a user derives from a good or service depends on the number of users of compatible products. Network effects are typically positive feedback systems, resulting in users deriving more and more value from a product as more users join the same network. The adoption of a product by an additional user can be broken into two effects: an increase in the value to all other users and also the enhancement of other non-users' motivation for using the product.
Standardization or standardisation is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments. Standardization can help maximize compatibility, interoperability, safety, repeatability, or quality. It can also facilitate a normalization of formerly custom processes.
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example:
Information economy is an economy with an increased emphasis on informational activities and information industry, where information is valued as a capital good. The term was coined by Marc Porat, a graduate student at Stanford University, who would later co-found General Magic.
The Walter A. Haas School of Business is the business school of the University of California, Berkeley, a public research university in Berkeley, California. It was the first business school at a public university in the United States.
Laura D'Andrea Tyson is an American economist and university administrator who is currently a Distinguished Professor of the Graduate School at the Haas School of Business of the University of California, Berkeley and a senior fellow at the Berggruen Institute. She served as the 16th Chair of the White House Council of Economic Advisers from 1993 to 1995 and 2nd Director of the National Economic Council from 1995 to 1996 under President Bill Clinton. Tyson was the first woman to hold each of those posts. She remains the only person to have served in both posts.
Douglas Howard Ginsburg is an American lawyer and jurist serving as a senior U.S. circuit judge of the U.S. Court of Appeals for the District of Columbia Circuit. He is also a professor of law at the Antonin Scalia Law School of George Mason University.
Reasonable and non-discriminatory (RAND) terms, also known as fair, reasonable, and non-discriminatory (FRAND) terms, denote a voluntary licensing commitment that standards organizations often request from the owner of an intellectual property right that is, or may become, essential to practice a technical standard. Put differently, a F/RAND commitment is a voluntary agreement between the standard-setting organization and the holder of standard-essential patents. U.S. courts, as well as courts in other jurisdictions, have found that, in appropriate circumstances, the implementer of a standard—that is, a firm or entity that uses a standard to render a service or manufacture a product—is an intended third-party beneficiary of the FRAND agreement, and, as such, is entitled to certain rights conferred by that agreement.
Hal Ronald Varian is Chief Economist at Google and holds the title of emeritus professor at the University of California, Berkeley where he was founding dean of the School of Information. Varian is an economist specializing in microeconomics and information economics.
The Institute of Electrical and Electronics Engineers Standards Association is an operating unit within IEEE that develops global standards in a broad range of industries, including: power and energy, artificial intelligence systems, internet of things, consumer technology and consumer electronics, biomedical and health care, learning technology, information technology and robotics, telecommunication, automotive, transportation, home automation, nanotechnology, information assurance, emerging technologies, and many more.
David John Teece is a New Zealand-born US-based organizational economist and the Professor in Global Business and director of the Tusher Center for the Management of Intellectual Capital at the Walter A. Haas School of Business at the University of California, Berkeley.
A two-sided market, also called a two-sided network, is an intermediary economic platform having two distinct user groups that provide each other with network benefits. The organization that creates value primarily by enabling direct interactions between two distinct types of affiliated customers is called a multi-sided platform. This concept of two-sided markets has been mainly theorised by the French economists Jean Tirole and Jean-Charles Rochet and Americans Geoffrey G Parker and Marshall Van Alstyne.
Although information has been bought and sold since ancient times, the idea of an information marketplace is relatively recent. The nature of such markets is still evolving, which complicates development of sustainable business models. However, certain attributes of information markets are beginning to be understood, such as diminished participation costs, opportunities for customization, shifting customer relations, and a need for order.
The Derwent World Patents Index (DWPI) is a database containing patent applications and grants from 44 of the world's patent issuing authorities.
Economic law is a set of legal rules for regulating economic activity. Economics can be defined as "a social science concerned with the production, distribution, and consumption of goods and services." The regulation of such phenomena, law, can be defined as "customs, practices, and rules of conduct of a community that are recognized as binding by the community", where "enforcement of the body of rules is through a controlling authority." Accordingly, different states have their own legal infrastructure and produce different provisions of goods and services.
A patent thicket is "an overlapping set of patent rights" which requires innovators to reach licensing deals for multiple patents. This concept has negative connotations and has been described as "a dense web of overlapping intellectual property rights that a company must hack its way through in order to actually commercialize new technology".
Information Rules is a 1999 book by Carl Shapiro and Hal Varian applying traditional economic theories to modern information-based technologies. The book examines commercial strategies appropriate to companies that deal in information, given the high "first copy" and low "subsequent copy" costs of information commodities, such as music CDs or original texts.
The Indecent Representation of Women (Prohibition) Act, 1986 is an Act of the Parliament of India which was enacted to prohibit indecent representation of women through film, web series, advertisement or in publications, writings, paintings, figures or in any other manner. If any OTT platforms presented women as a sex object or showing nudity and obscenity towards women in its shows, then it would be a punishable offence and this may lead to banning of the series or its OTT platform.
Richard J. Pierce is an American legal scholar known for his work in Administrative Law and Government Regulation with particular expertise in the energy industry. He is the Lyle T. Alverson Professor of Law at George Washington University Law School. He has been called the "most frequently cited scholar in the United States in the field of administrative law and government regulation". He has published over 150 books and articles and has been extensively cited by United States Courts including the United States Supreme Court. He is a Senior Fellow of the Administrative Conference of the United States.
Sumit Agarwal is an Indian academic who is the Low Tuck Kwong Distinguished Professor of Finance and a professor of Economics and Real Estate at the National University of Singapore (NUS). He is also managing director of Sustainable and Green Finance Institute (SGFIN) at NUS, as well as President of Asian Bureau of Finance and Economic Research.
