Economic Implications of International Standardization in ITS (Intelligent Transport Systems)

Abstract

This paper aims to examine economic implications of international standardization in ITS (Intelligent Transport Systems). First we classify standardization activities of private companies into four types with different economic incentives. Then we estimate costs and benefits of companies’ participation into standardization activities in the case of a successful working group of ISO/TC204, concluding that participation in international standardization is justified economically even if intellectual property issue is not involved.