The analysis provides conditions under which Standard Setting Organizations (SSOs) choose efficient technology … standards. I introduce a two-stage game with both voting and market competition. In equilibrium, standards and market outcomes … are efficient even with market power from scarce capacity and Standard Essential Patents (SEPs). I show that a drastic …

institutional supports that made this market possible was, of course, the patent system, which created secure and tradable property … information about participants on both sides of the market for technology. Our quantitative analysis of assignment contracts … patentees. In other words, the development of institutions supporting market trade in patented technology seems to have made it …