Patents and the Performance of Voluntary Standard-Setting Organizations
AbstractVoluntary standard-setting organizations (SSOs) are a common feature of systems industries, where firms supply interoperable components for a shared technology platform. These institutions promote coordinated innovation by providing a forum for collective decision making and a potential solution to the problem of fragmented and overlapping intellectual property rights. This paper examines the economic and technological significance of SSOs by analyzing the flow of citations to a sample of U.S. patents disclosed during the standard-setting process. Our main results show that the age distribution of SSO patent citations is shifted toward later years (relative to an average patent) and that citations increase substantially following standardization. These results suggest that SSOs identify promising technologies and influence their subsequent adoption.
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Bibliographic InfoArticle provided by INFORMS in its journal Management Science.
Volume (Year): 54 (2008)
Issue (Month): 11 (November)
standards; compatibility; platform; intellectual property; patents; cumulative innovation;
Other versions of this item:
- Rysman, Marc & Simcoe, Tim, 2009. "Patents and the Performance of Voluntary Standard Setting Organizations," PIE/CIS Discussion Paper 418, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Marc Rysman & Tim Simcoe, 2005. "Patents and the Performance of Voluntary Standard Setting Organizations," Working Papers 05-22, NET Institute, revised Oct 2005.
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