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Standards and the Incentives for Innovation
by
Troy J. Scott
Research Economist
RTI International
Research Triangle Park, NC 27709
U.S.A.
and
John T. Scott
Professor of Economics
Dartmouth College
Hanover,
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Standards and form incentives are guidelines and rewards put in place to encourage compliance with certain regulations or standards.
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The purpose of standards and form incentives is to promote adherence to regulations and standards by providing incentives for compliance.
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