Capturing the economic value of triadic patents

This study provides a comprehensive analysis of patent family characteristics of triadic patents. We test specific features of triadic patent families to highlight common correlation patterns between patent value, as measured by patent forward citation data, and the structure of triadic patent families that cover the same invention at the international level. Our results suggest that the share of USPTO, EPO and JPO patents in the patent family, and the time span between the earliest priority application and latest priority application, are positively associated with the value of inventions in the triadic patent families.