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The vulnerability of patent value determinants

Author

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  • Nicolas van Zeebroeck
  • Bruno van Pottelsberghe de la Potterie

Abstract

This paper presents a critical survey of the literature on the determinants of patent value. The contributions to the literature are essentially two-fold. First, significant inconsistencies across existing studies are underlined. Second, a sensitivity analysis shows strong dependencies of several 'classical' results on two main empirical dimensions, namely the choice of the dependent variables (indicator of patent value) and the sampling methodology. The new indicators of filing strategies put forward by van Zeebroeck and van Pottelsberghe de la Potterie (this journal) turn out to be the most robust and stable determinants.

Suggested Citation

  • Nicolas van Zeebroeck & Bruno van Pottelsberghe de la Potterie, 2011. "The vulnerability of patent value determinants," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(3), pages 283-308.
    • Handle: RePEc:taf:ecinnt:v:20:y:2011:i:3:p:283-308
    DOI: 10.1080/10438591003668638
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    References listed on IDEAS

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    1. Noel, Michael D. & Schankerman, Mark, 2006. "Strategic Patenting and Software Innovation," CEPR Discussion Papers 5701, C.E.P.R. Discussion Papers.
    2. Christine Greenhalgh & Mark Rogers, 2007. "The value of intellectual property rights to firms and society," Oxford Review of Economic Policy, Oxford University Press, vol. 23(4), pages 541-567, Winter.
    3. Silverberg, Gerald & Verspagen, Bart, 2007. "The size distribution of innovations revisited: An application of extreme value statistics to citation and value measures of patent significance," Journal of Econometrics, Elsevier, vol. 139(2), pages 318-339, August.
    4. Noel, Michael & Schankerman, Mark, 2006. "Strategic patenting and software innovation," LSE Research Online Documents on Economics 3727, London School of Economics and Political Science, LSE Library.
    5. Michael Noel & Mark Schankerman, 2006. "Strategic Patenting and Software Innovation," CEP Discussion Papers dp0740, Centre for Economic Performance, LSE.
    6. Christine Greenhalgh & Mark Rogers, 2007. "The Value of Intellectual Property Rights to Firms," Economics Series Working Papers 319, University of Oxford, Department of Economics.
    7. Nicolas van Zeebroeck, 2008. "Essays on the empirical analysis of patent systems," ULB Institutional Repository 2013/210551, ULB -- Universite Libre de Bruxelles.
    8. Palomeras, Neus, 2003. "Sleeping patents: any reason to wake up?," IESE Research Papers D/506, IESE Business School.
    9. Noel, Michael & Schankerman, Mark, 2006. "Strategic patenting and software innovation," LSE Research Online Documents on Economics 4653, London School of Economics and Political Science, LSE Library.
    10. Michael Noel & Mark Schankerman, 2006. "Strategic Patenting and Software Innovation," STICERD - Economics of Industry Papers 43, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
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    Citations

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    Cited by:

    1. Antonelli, Cristiano & Colombelli, Alessandra, 2015. "The knowledge cost function," International Journal of Production Economics, Elsevier, vol. 168(C), pages 290-302.
    2. Andrew Eckert & Corinne Langinier, 2014. "A Survey Of The Economics Of Patent Systems And Procedures," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 996-1015, December.
    3. Yutaka Niidome, 2017. "The relation of patent description and examination with validity: an empirical study," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(1), pages 159-183, April.
    4. Antoine Dechezleprêtre & Yann Ménière & Myra Mohnen, 2017. "International patent families: from application strategies to statistical indicators," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 793-828, May.
    5. repec:elg:eechap:18031_6 is not listed on IDEAS
    6. Malwina Mejer, 2012. "The impact of knowledge diversity on inventive performance at European universities," iCite Working Papers 2013-004, ULB -- Universite Libre de Bruxelles.
    7. Cristiano Antonelli & Alessandra Colombelli, 2017. "The locus of knowledge externalities and the cost of knowledge," Regional Studies, Taylor & Francis Journals, vol. 51(8), pages 1151-1164, August.
    8. repec:eee:tefoso:v:128:y:2018:i:c:p:235-244 is not listed on IDEAS
    9. Caviggioli, Federico & Ughetto, Elisa, 2016. "Buyers in the patent auction market: Opening the black box of patent acquisitions by non-practicing entities," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 122-132.
    10. repec:spr:scient:v:90:y:2012:i:2:d:10.1007_s11192-011-0532-5 is not listed on IDEAS
    11. Svensson, Roger, 2015. "Measuring Innovation Using Patent Data," Working Paper Series 1067, Research Institute of Industrial Economics.
    12. Per Botolf Maurseth & Roger Svensson, 2014. "Micro evidence on international patenting," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 23(4), pages 398-422, June.
    13. Alessandra Colombelli, 2016. "The impact of local knowledge bases on the creation of innovative start-ups in Italy," Small Business Economics, Springer, vol. 47(2), pages 383-396, August.
    14. Antonelli, Cristiano & Colombelli, Alessandra, 2014. "The Cost of Knowledge," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201427, University of Turin.
    15. Claudio Cozza & Francesco Schettino, 2015. "Explaining the Patenting Propensity: A Regional Analysis Using EPO-OECD Data," AIEL Series in Labour Economics,in: Chiara Mussida & Francesco Pastore (ed.), Geographical Labor Market Imbalances. Recent Explanations and Cures, edition 1, chapter 10, pages 219-236 AIEL - Associazione Italiana Economisti del Lavoro.
    16. Nicolas van Zeebroeck, 2011. "Long Live Patents: the Increasing Life Expectancy of Patent Applications and its Determinants," Review of Economics and Institutions, Università di Perugia, vol. 2(3).
    17. Caviggioli, Federico, 2016. "Technology fusion: Identification and analysis of the drivers of technology convergence using patent data," Technovation, Elsevier, vol. 55, pages 22-32.
    18. Caviggioli, Federico & Scellato, Giuseppe & Ughetto, Elisa, 2013. "International patent disputes: Evidence from oppositions at the European Patent Office," Research Policy, Elsevier, vol. 42(9), pages 1634-1646.
    19. repec:eee:respol:v:46:y:2017:i:9:p:1644-1654 is not listed on IDEAS
    20. Antonelli, Cristiano & Gehringer, Agnieszka, 2017. "Technological change, rent and income inequalities: A Schumpeterian approach," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 85-98.

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