Gambardella, Alfonso; Harhoff, Dietmar; Verspagen, Bart - C.E.P.R. Discussion Papers - 2008
skewed distribution of patent values. Our measure is significantly correlated with the number of patent citations, references …, claims, and countries in which the patent is applied. Citations explain value as much as the other three indicators combined …, and the right tail of citations is correlated with the right tail of our value measure. Yet, the four indicators only …