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

Antonin Bergeaud, Julia Schmidt () and Riccardo Zago

CEP Discussion Papers from Centre for Economic Performance, LSE

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)
Date: 2022-10-24
New Economics Papers: this item is included in nep-bec, nep-com, nep-cse, nep-ino, nep-ipr, nep-sbm and nep-tid
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Citations: View citations in EconPapers (5)

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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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