Standards for software component markets
Abstract
In this paper we discuss the conditions that have to be met by the software industry that component markets will evolve. We first discuss shortly the technical and system theoretical aspects of component based software system. We furthermore provide a definition of perfect competitive markets based on traditional neoclassical microeconomics. This definition serves as a theoretical benchmark. The appropriateness of pure markets transactions, however, depends on factor that we want to describe in our model. Standards and personal relationships are presented as alternative coordination mechanism for the activities of economic agents.
Fields of Study & Subjects
Service-Oriented Architecture and Web Services
Advanced Software Engineering Methodologies
Digital Platforms and Economics
Publication details
- Journal / source
- Concurrent Engineering, Volume 1: Enhanced Interoperable Systems
- Publisher
- CRC Press
- Pages
- 351–357
- Publication date
- 11 February 2026
- Language
- EN
- Document type
- Book chapter