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The economic value of patented inventions: Thoughts and some open questions

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  • Gambardella, Alfonso

Abstract

The economic value of upstream research outcomes has raised increasing attention. Not only are these outcomes central to the development of many innovations, but they are also the object of many transactions in technology. This note discusses a few representative papers that try to better understand the value of patented inventions. It deals with three topics: the value of patent rights, the value of patents as quality signals, and the value of patented inventions as a whole. In the latter case, it focuses on the creation of value through the number of inventions produced rather than increase in the value of individual invention. The note also sketches open questions for future research.

Suggested Citation

  • Gambardella, Alfonso, 2013. "The economic value of patented inventions: Thoughts and some open questions," International Journal of Industrial Organization, Elsevier, vol. 31(5), pages 626-633.
    • Handle: RePEc:eee:indorg:v:31:y:2013:i:5:p:626-633
    DOI: 10.1016/j.ijindorg.2013.02.007
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    Cited by:

    1. Carlo Capuano & Iacopo Grassi & Riccardo Martina, 2020. "Patent protection and threat of litigation in oligopoly," Journal of Economics, Springer, vol. 130(2), pages 109-131, July.
    2. Comino, Stefano & Graziano, Clara, 2015. "How many patents does it take to signal innovation quality?," International Journal of Industrial Organization, Elsevier, vol. 43(C), pages 66-79.
    3. Yipeng Zhang, 2023. "The Sustainability of Regional Innovation in China: Insights from Regional Innovation Values and Their Spatial Distribution," Sustainability, MDPI, vol. 15(13), pages 1-42, June.
    4. Wang, Xiaozhen & Liu, Shan & Tao, Ziyang & Cao, Qun, 2022. "The impact of industrial policy and its combinations on the innovation quality of wind power enterprises: A study from the perspective of financing modes," Renewable Energy, Elsevier, vol. 188(C), pages 945-956.
    5. Appio, Francesco Paolo & Baglieri, Daniela & Cesaroni, Fabrizio & Spicuzza, Lucia & Donato, Alessia, 2022. "Patent design strategies: Empirical evidence from European patents," Technological Forecasting and Social Change, Elsevier, vol. 181(C).
    6. Jinyoung Kim, 2015. "Patent Portfolio Management of Sequential Inventions: Evidence from US Patent Renewal Data," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(2), pages 195-218, September.
    7. Kim, Jinyoung, 2017. "Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment," IZA Discussion Papers 10815, Institute of Labor Economics (IZA).
    8. Kim, Jinyoung, 2022. "Teamwork in innovation under time pressure," Labour Economics, Elsevier, vol. 75(C).
    9. Elona Marku & Maryia Zaitsava & Manuel Castriotta & Maria Chiara Di Guardo & Michela Loi, 2021. "Big Data and Technology Evolution in the IoT Industry," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(10), pages 1-94, July.
    10. Kwon, Seokbeom, 2021. "The prevalence of weak patents in the United States: A new method to identify weak patents and the implications for patent policy," Technology in Society, Elsevier, vol. 64(C).
    11. Lee, Honggi, 2023. "The heterogeneous effects of patent scope on licensing propensity," Research Policy, Elsevier, vol. 52(3).

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    More about this item

    Keywords

    Patents; Inventions; Technical change; Intellectual property rights; Market for technology; Patent premium;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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