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The vulnerability of patent value determinants

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  • Nicolas van Zeebroeck
  • Bruno Van Pottelsberghe

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, 2011. "The vulnerability of patent value determinants," ULB Institutional Repository 2013/60730, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/60730
    Note: SCOPUS: ar.j
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    References listed on IDEAS

    as
    1. Christine Greenhalgh & Padraig Dixon, 2002. "The Economics of Intellectual Property: A Review to Identify Themes for Future Research," Economics Series Working Papers 135, University of Oxford, Department of Economics.
    2. Michael Noel & Mark Schankerman, 2013. "Strategic Patenting and Software Innovation," Journal of Industrial Economics, Wiley Blackwell, vol. 61(3), pages 481-520, September.
    3. Christine Greenhalgh & Mark Rogers, 2007. "The value of intellectual property rights to firms and society," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 23(4), pages 541-567, Winter.
    4. 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.
    5. Alfons Palangkaraya & Paul H. Jensen & Elizabeth Webster, 2005. "Determinants of International Patent Examination Outcomes," Melbourne Institute Working Paper Series wp2005n06, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    6. Nicolas van Zeebroeck, 2008. "Essays on the empirical analysis of patent systems," ULB Institutional Repository 2013/210551, ULB -- Universite Libre de Bruxelles.
    7. Palomeras, Neus, 2003. "Sleeping patents: any reason to wake up?," IESE Research Papers D/506, IESE Business School.
    8. Ariel Pakes & Mark Schankerman, 1984. "The Rate of Obsolescence of Patents, Research Gestation Lags, and the Private Rate of Return to Research Resources," NBER Chapters, in: R&D, Patents, and Productivity, pages 73-88, National Bureau of Economic Research, Inc.
    9. Christine Greenhalgh & Mark Rogers, 2007. "The Value of Intellectual Property Rights to Firms," Economics Series Working Papers 319, University of Oxford, Department of Economics.
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    More about this item

    Keywords

    Filing strategies; Patent quality; Patent systems; Patent value;
    All these keywords.

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