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SUMMARY:Cooperation\, Competition and Patents: Understanding Innovation in
  the Telecommunication Sector
DTSTART:20210311T170000
DTSTAMP:20260920T110354Z
UID:9ac83fa35c285b90118249f39803a50400938494f481f4c9cc0b26c2
CATEGORIES:Conferences - Seminars
DESCRIPTION:Tatiana Rosa (CEMFI)\nTatiana Rosa (CEMFI)\n"Cooperation\, Com
 petition and Patents: Understanding Innovation in the Telecommunication Se
 ctor"\nDiscussant: Emanuele Tarantino (Luiss Guido Carli)\n\nAbstract\nMan
 y modern innovations depend on interconnectivity\, which require technolog
 y standards as a common language to successfully link up. This paper devel
 ops and estimates a structural model to understand how competition between
  firms affects their incentives to cooperate by supplying technologies to 
 a common standardization process. I study these incentives empirically by 
 focusing on the standardization of the mobile telecommunications technolog
 ies. In the model\, firms face two decisions. They decide whether to join 
 a group to develop a component of the system and\, in that case\, how much
  effort to exert. When making these choices\, firms consider 1) how their 
 effort increases the common value\, 2) how much of this common value they 
 can privately appropriate through their patents\, and 3) their capacity to
  profit from the technology in the downstream part of the market. In this 
 setting\, patents have an ambiguous effect on the development of a common 
 innovation. On the one hand\, they alleviate the free-rider problem and in
 duce firms to exert more effort. On the other hand\, they bias firms’ pa
 rticipation towards groups with less competition over patented technologie
 s even where their effort may be less valuable. To study the net effect of
  these forces in equilibrium\, I estimate the model using a novel dataset 
 on 3G and 4G technologies. I also show that the enforcement of royalty-fre
 e clauses reduces firm participation and effort\, ultimately delaying the 
 completion of the initial releases of 4G by almost 1 year.\n\nEPFL Virtual
  Innovation Seminar\nEVIS is a bi-weekly virtual seminar series focusing o
 n Science\, Technology and Innovation topics studied through the lens of E
 conomics\, Entrepreneurship\, Strategy and Finance.\n 
LOCATION:Zoom
STATUS:CONFIRMED
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