Patent Citations, the Value of Innovations and Path-Dependency

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.

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Year of publication:	2005-11
Authors:	Sanditov, Bulat
Institutions:	KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy
Subject:	Size of Innovation \| Patent Citations \| Path-Dependency in Technical Change

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Extent:	application/pdf
Series:	KITeS Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 177 43 pages
Classification:	O31 - Innovation and Invention: Processes and Incentives ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005169691