One of the newest and most promising areas in econometrics research focuses on the valuation of companies based on their patent stock. This work, initiated by Hall’s observations regarding the correlation between patent citations and a company stock value, has blossomed in the past 5 years. Here is a review of recent findings.
Beyond statistical research on patent databases for the purpose of identifying global economic trends, an even more interesting application of patent analysis is the search for indicators associated to a given sector. In particular, since patents are a priori a reflection of innovation, the corresponding indicators need to reflect the latter’s economic models, in particular [...]