Agenda

28 Ott 2026 12:15

Riccardo Zago (Banque de France)

Meeting Room 1, San Giobbe Economics Campus + online

 

Riccardo Zago (Banque de France) - Innovation, Diffusion through Technology Standards and the Value of the Firm

Abstract:

Technology standards are defined by national and international organizations to select and diffuse the best technologies and practices. This study combines a measure of patent novelty with a new measure of semantic proximity between patents and standards to disentangle the respective contribution of innovation and diffusion to the value of the firm. The grant of an innovative patent can increase a firm's market value by up to 6% over a ten-year period. If a subsequent standard incorporates technological features related to that patent, the market value increases by an additional 3%; otherwise, it declines. The increase in value attributable to innovation and diffusion reflects respectively productivity gains and rent extraction via higher markups.

 

The seminar can be attended also remotely, connecting to ZOOM.

Link Zoom: bit.ly/insem-2425
ID riunione:  880 2639 9452
Passcode: InSem-2425

Lingua

L'evento si terrà in inglese

Organizzatore

Department of Economics (InSeminars)

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