Course Details

Standard Setting

Standards are cooperatively-defined rules for how products and services work together in the marketplace. Many products used throughout the economy, including mobile phones and laptop computers, would not exist but-for the cooperation of numerous firms across different industries. This course will cover the fundamental economics of strategic decision making in regards to standards. We will cover the different forms that standard setting can take and the pros and cons of each form. We hope to provide in-depth interviews with industry practitioners on how their firms decided among the various standardization options available to them, how formal standard development organizations actually work, and how firms approach licensing for the patented technologies their firms contribute to standards. Once these fundamentals have been covered, students will participate in a simulation exercise in which they will need to assess the opportunities relating to an emerging standard for their assigned ┬┐company┬┐. The course will conclude with a discussion of potential antitrust risks inherent in cooperative standard setting.

Catalog Number: REGLAW 915-0


Course History

Spring 2017
Title: Technology Standards: Strategic & Antitrust Considerations
Faculty: Layne-Farrar, Anne S
Section: 1     Credits: 1.5
Capacity: 20     Actual: 16

Spring 2016
Title: Standard Setting
Faculty: Baron, Justus Alexander
Layne-Farrar, Anne S
Section: 1     Credits: 1.0
Capacity: 24     Actual: 6

Spring 2015
Title: Standard Setting
Faculty: Baron, Justus Alexander
Layne-Farrar, Anne S
Section: 1     Credits: 1.0
Capacity: 25     Actual: 19