Standards: Competition and Innovation?

8 Pages Posted: 5 Nov 2014

See all articles by Justin Pierce

Justin Pierce

Lund University - Faculty of Law

Megi Medzmariashvili

Lund University

Date Written: November 3, 2014

Abstract

In the European Union, the Commission has identified the use of standards as a mechanism of innovation sharing, European competitiveness and further economic integration within the Union. Additionally, the Union has developed and promoted a dynamic approach to research and development, largely supported by a robust intellectual property and antitrust exemption regime. The underlying purpose of which is to provide protection for inventions, facilitate cost recovery and enhance the exploitation of profits from the developed invention. Nonetheless, innovators face a continuous struggle not only to stay ahead of the pack but also to develop strategies to secure capital to continue research and development. The difficulties associated with technological advancement in standardised areas is exasperated given that the lack of guarantee the developed technology will be included within the standard, alongside other associated difficulties arising as a result of the existing standard. This paper explores whether driving standardisation in innovation markets is potentially counter effective and ultimately, an impediment to innovation and development.

Keywords: European Union, Innovation, Standardisation, Intellectual Property, Antitrust.

Suggested Citation

Pierce, Justin and Medzmariashvili, Megi, Standards: Competition and Innovation? (November 3, 2014). Available at SSRN: https://ssrn.com/abstract=2518651 or http://dx.doi.org/10.2139/ssrn.2518651

Justin Pierce (Contact Author)

Lund University - Faculty of Law ( email )

Lilla Gråbrödersgatan 4
Lund, 222 22
Sweden

Megi Medzmariashvili

Lund University ( email )

Box 117
Lund, S221 00
Sweden

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