Standard-Setting, IPR Policies and the Incentives to Innovate: Evidence from the IEEE Patent Policy Update

39 Pages Posted: 25 May 2022

See all articles by Michela Bonani

Michela Bonani

Tilburg Law and Economics Center (TILEC)

Date Written: April 20, 2022

Abstract

In this paper, I empirically study the effect of IEEE’s IPR policy change in 2015 on standard related innovation. I construct a novel dataset of companies that have declared at least one patent as essential for an IEEE standard (the treatment group), and I then collect a sample of firms active in the same industries and having similar characteristics but which have not declared a patent as essential to IEEE (the control group). Using a difference-in-differences approach, I provide causal evidence that the IEEE IPR policy change led to a reduction in standard related patenting among the firms affected by the change. My results show that more restrictive patent policies at the SDO level decrease the innovation effort of firms in standard related technologies by 15.2%

Keywords: Standards, Patents, Innovation, Licensing, ICT sector

JEL Classification: O31, L15, O34, L44

Suggested Citation

Bonani, Michela, Standard-Setting, IPR Policies and the Incentives to Innovate: Evidence from the IEEE Patent Policy Update (April 20, 2022). TILEC Discussion Paper No. DP2022-009, Available at SSRN: https://ssrn.com/abstract=4116384 or http://dx.doi.org/10.2139/ssrn.4116384

Michela Bonani (Contact Author)

Tilburg Law and Economics Center (TILEC) ( email )

Warandelaan 2
Tilburg, 5000 LE
Netherlands

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