Patents that Match your Standards: Firm-level Evidence on Competition and Growth

Antonin Bergeaud, Julia Schmidt () and Zago Riccardo

Working papers from Banque de France

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: 60 pages
Date: 2022
New Economics Papers: this item is included in nep-bec, nep-com, nep-cse, nep-gro, nep-ino, nep-ipr, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:876

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