Patents that match your standards: firm-level evidence on competition and innovation

Antonin Bergeaud, Juliane Schmidt and Riccardo Zago

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: When a technology becomes the new standard, the firms that are leaders in producing this technology have a competitive advantage. Matching the semantic content of patents to standards and exploiting the exogenous timing of standardization, we show that firms closer to the new technological frontier increase their market share and sales. In addition, if they operate in a very competitive market, these firms also increase their R&D expenses and investment. Yet, these effects are temporary since standardization creates a common technological basis for everyone, which allows followers to catch up and the economy to grow.

Keywords: standardization; patents; competition; innovation; text mining (search for similar items in EconPapers)
JEL-codes: L15 O31 O33 (search for similar items in EconPapers)
Pages: 59 pages
Date: 2022-10-24
New Economics Papers: this item is included in nep-bec, nep-com, nep-cse, nep-ino, nep-ipr and nep-sbm
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Citations: View citations in EconPapers (1)

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http://eprints.lse.ac.uk/118031/ Open access version. (application/pdf)

Related works:
Working Paper: Patents that match your standards: firm-level evidence on competition and innovation (2022)
Working Paper: Patents that match your standards: firm-level evidence on competition and innovation (2022)
Working Paper: Patents that Match your Standards: Firm-level Evidence on Competition and Innovation (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:118031

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