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

Author

Listed:
  • Bergeaud, Antonin
  • Schmidt, Julia
  • Zago, Riccardo

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

Suggested Citation

  • Bergeaud, Antonin & Schmidt, Julia & Zago, Riccardo, 2022. "Patents that Match your Standards: Firm-level Evidence on Competition and Innovation," CEPR Discussion Papers 17486, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:17486
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    Cited by:

    1. is not listed on IDEAS
    2. Janssen, Aljoscha, 2022. "Innovation Begets Innovation and Concentration: The Case of Upstream Oil & Gas in the North Sea," Working Paper Series 1431, Research Institute of Industrial Economics.
    3. Michele Fioretti & Alessandro Iaria & Aljoscha Janssen & Cl'ement Mazet-Sonilhac & Robert K. Perrons, 2022. "Transferable Know-How: Evidence from the Upstream Oil & Gas Industry," Papers 2205.13186, arXiv.org, revised Mar 2025.
    4. Michele Fioretti & Alessandro Iaria & Aljoscha Janssen & Robert K Perrons & Clément Mazet-Sonilhac, 2022. "Innovation Begets Innovation and Concentration: the Case of Upstream Oil & Gas in the North Sea," Working Papers hal-03791971, HAL.

    More about this item

    Keywords

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    JEL classification:

    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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