About: Vendor lock-in   Sponge Permalink

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Vendor lock-in (also called vendor lockin, consumer lock-in or just lock-in) is

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  • Vendor lock-in
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  • Vendor lock-in (also called vendor lockin, consumer lock-in or just lock-in) is
  • In economics, vendor lock-in, also known as proprietary lock-in, lock-in, or the Pottersville pattern, is a situation in which a customer is so dependent on a vendor for product and services that he or she cannot move to another vendor without substantial switching costs, real and/or perceived. These costs to the customer create a situation which favors the vendor at the expense of the consumer. Monopolies tend to result when lock-in costs create market barriers to entry, which may result in antitrust actions from the relevant authorities.
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abstract
  • Vendor lock-in (also called vendor lockin, consumer lock-in or just lock-in) is
  • In economics, vendor lock-in, also known as proprietary lock-in, lock-in, or the Pottersville pattern, is a situation in which a customer is so dependent on a vendor for product and services that he or she cannot move to another vendor without substantial switching costs, real and/or perceived. These costs to the customer create a situation which favors the vendor at the expense of the consumer. Monopolies tend to result when lock-in costs create market barriers to entry, which may result in antitrust actions from the relevant authorities. Vendor lock-in is often used in the computer industry to describe the effects of a lack of compatibility between different systems.
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