Just-in-time patents and the development of standards

B. Kang, R. Bekkers

Onderzoeksoutput: Bijdrage aan tijdschriftTijdschriftartikelAcademicpeer review

23 Citaten (Scopus)
145 Downloads (Pure)

Samenvatting


Modern technical standards often include large numbers of patented technologies that are required to implement those standards. These “standard-essential patents” are very valuable assets, and firms that do not own such patents are prepared to spend billions of dollars purchasing them. Whereas large numbers of standard-essential patents are often taken for granted, this study focuses on the process by which companies obtain such patents. Analyzing original data of a large standardization process, we demonstrate how many companies use a strategy we call “just-in-time patenting”: They apply for patents of low technical merit just before a standardization meeting, and then send the patents’ inven- tors to the meeting to negotiate this patented technology into the standard. Our findings have several implications for standard-setting organizations, patent offices, and policymakers, as the inclusion of just- in-time patents may reduce competition and market entry, increase prices, and unnecessarily complicate the technological content of standards.
Originele taal-2Engels
Pagina's (van-tot)1948-1961
Aantal pagina's13
TijdschriftResearch Policy
Volume44
Nummer van het tijdschrift10
DOI's
StatusGepubliceerd - dec 2015

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