The Rules of Standard Setting Organizations: An Empirical Analysis

34 Pages Posted: 22 Mar 2005 Last revised: 26 Dec 2022

See all articles by Benjamin Chiao

Benjamin Chiao

PSB Paris School of Business; Southwestern University of Finance and Economics

Jean Tirole

University of Toulouse 1 - Industrial Economic Institute (IDEI); University of Toulouse 1 - Groupe de Recherche en Economie Mathématique et Quantitative (GREMAQ); Centre for Economic Policy Research (CEPR)

Josh Lerner

Harvard Business School - Finance Unit; Harvard University - Entrepreneurial Management Unit; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI); Harvard University - Private Capital Research Institute

Multiple version iconThere are 4 versions of this paper

Date Written: February 2005

Abstract

This paper empirically explores the procedures employed by standard-setting organizations. Consistent with Lerner-Tirole (2004), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive correlation between the sponsor-friendliness of the selected SSO and the quality of the standard. We also develop and test two extensions of the earlier model: the presence of provisions mandating royalty-free licensing is negatively associated with disclosure requirements, and when there are only a limited number of SSOs, the relationship between concessions and user friendliness is weaker.

Suggested Citation

Chiao, Benjamin and Tirole, Jean and Lerner, Josh, The Rules of Standard Setting Organizations: An Empirical Analysis (February 2005). NBER Working Paper No. w11156, Available at SSRN: https://ssrn.com/abstract=673243

Benjamin Chiao

PSB Paris School of Business ( email )

59 rue Nationale
Paris, 75013
France

Southwestern University of Finance and Economics ( email )

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Chengdu, Sichuan 610074
China

Jean Tirole

University of Toulouse 1 - Industrial Economic Institute (IDEI) ( email )

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France
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University of Toulouse 1 - Groupe de Recherche en Economie Mathématique et Quantitative (GREMAQ) ( email )

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Centre for Economic Policy Research (CEPR)

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Josh Lerner (Contact Author)

Harvard Business School - Finance Unit ( email )

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United States
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HOME PAGE: http://www.people.hbs.edu/jlerner/

Harvard University - Entrepreneurial Management Unit

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National Bureau of Economic Research (NBER)

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European Corporate Governance Institute (ECGI) ( email )

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Harvard University - Private Capital Research Institute ( email )

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