Innovation in the digital age: Competition, cooperation, and standardization

This dissertation consists of three articles on competition, cooperation, and standardization with a focus on the important sectors of the digital age. The fi rst chapter studies modern software markets and how their unique characteristics impact firms’ reactions to their competitors’ R&D efforts. The second chapter investigates a firm’s incentives to invest in a common standard and how its choices are driven by the conflict between benefitting from the collective contributions and supporting its competitors. The third chapter studies standard-setting organizations and the impact implementers’ participation has on the standard’s market coverage and royalty rates.