Anchor-based Representation to Predict The Value of Technologies in Different Domains

Collaboration with Hyejin Youn and Ali Tafti.

Abstract: In this work, we develop a framework to model the technological ecosystem with the purpose of predicting the value of novel technologies. We propose an empirical solution to the problem of representing technologies recursively (based on anchors.) Two concepts are tested: i) the power of anchor-based representation of technologies to explain variation in generic quality of patents (number of citations) ii) explanatory power of the domain-based value of patents (number of citations received from different domains.) Preliminary results strongly support the first and provide partial support for the second.

Figure shows the Position of Anchors We Identified (blue nodes) in the Giant Component of the Patent Network