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Patent Citations, the Value of Innovations and Path-Dependency

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  • Bulat Sanditov

    (CESPRI and MERIT, Bocconi University, Milano,Italy and Universiteit Maastricht.)

Abstract

This paper examines how the framework of path-dependency and technological trajectories can be applied to explain the observed distribution of patent values as it is revealed in the distribution of patent citations. A very simple model of based on generalized Polya urn processes is proposed to describe evolution of patent values. It is shown that the model fits empirical distribution of patent citations (USPTO and EPO data) surprisingly well.

Suggested Citation

  • Bulat Sanditov, 2005. "Patent Citations, the Value of Innovations and Path-Dependency," KITeS Working Papers 177, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Nov 2005.
    • Handle: RePEc:cri:cespri:wp177
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    File URL: ftp://ftp.unibocconi.it/pub/RePEc/cri/papers/WP177Sanditov.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Tae-Young Park & Hyungjoo Lim & Ilyong Ji, 2018. "Identifying potential users of technology for technology transfer using patent citation analysis: a case analysis of a Korean research institute," Scientometrics, Springer;Akadémiai Kiadó, vol. 116(3), pages 1541-1558, September.
    3. Eungdo Kim & InGyu Lee & Hongbum Kim & Kwangsoo Shin, 2021. "Factors Affecting Outbound Open Innovation Performance in Bio-Pharmaceutical Industry-Focus on Out-Licensing Deals," Sustainability, MDPI, vol. 13(8), pages 1-17, April.

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    More about this item

    Keywords

    Size of Innovation; Patent Citations; Path-Dependency in Technical Change;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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