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

Antonin Bergeaud, Julia Schmidt and Riccardo Zago

No 17486, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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)
Date: 2022-07
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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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