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...

This paper explores the determinants of the probability for a patent application to result in a grant (as opposed to being rejected by the patent office or withdrawn by the patentee). A grant is interpreted as signaling the value of the invention. Guellec and van Pottelsberghe (2000) studied the...

This paper attempts to quantify the aggregate net effect of government funding on business R&D in 17 OECD Member countries over the past two decades. Grants, procurement, tax incentives and direct performance of research (in public laboratories or universities) are the major policy tools in the...

This paper puts forward new potential determinants of patent value which are related to the identification of institutional sources of knowledge and the geographic scope of patenting strategy. The impact of these new indicators is evaluated through an empirical analysis that aims to explain the...

This article contributes to the literature on the determinants of patent value in two ways. First, it introduces a new potential class of value determinants in the form of filing strategies (including filing routes, drafting styles and divisional filings). Second, it provides empirical evidence...