Risk and intellectual property in technical standard competition: A game theory perspective

Technical standard is typically characterized by network effect. The key point for a technical standard is the consumers´ choice, which is based on consumers´ maximum benefits. When a technical standard becomes a national standard, its interests have been integrated into the national interests. National interests are divided into economic profits and security factors. From the perspective of consumers´ choice, this paper deals with the main factors which affect the result of technical standard competition- the risk and profits of intellectual property based on the assumption of bounded rationality and dynamic game theory.