“…Successful standard setting thus holds out the promise of monopoly profits (limited in time) which, from the CSA perspective, implies the establishment of market barriers. With regard to technology development, alliances may help to share costs, hedge risks, save time and gain access to knowledge [lo], [20], [28]. However, as exchange of know-how always implies the risk of losing it, it is suggested that, with increasing asset specificity, more hierarchical forms of governance should be preferred [2], [5], [7], [16], [21].…”