The size distribution of innovations revisited: an application of extreme value statistics to citation and value measures of patent significance

DOI10.1016/J.JECONOM.2006.10.017MaRDI QIDQ280256zbMATH OpenOpenAlexFDO

Authors Gerald Silverberg, Bart Verspagen

Publication date 9 May 2016

Published in Journal of Econometrics (Search for Journal in Brave)

Full work available at URL http://collections.unu.edu/view/UNU:1170

zbMATH Keywords

heavy tailsskewed distributionsextreme-value statisticspatent citationsreturns to invention

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Statistics of extreme values; tail inference (62G32)

Recommendations

• Size distributions reconsidered
• The Pareto, Zipf and other power laws
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• On the modeling of size distributions when technologies are complex
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Cites work

• scientific article; zbMATH DE number 1667428 (Why is no real title available?)
• scientific article; zbMATH DE number 2133811 (Why is no real title available?)
• scientific article; zbMATH DE number 729453 (Why is no real title available?)
• scientific article; zbMATH DE number 1026574 (Why is no real title available?)
• scientific article; zbMATH DE number 1987559 (Why is no real title available?)
• A percolation model of innovation in complex technology spaces
• A simple general approach to inference about the tail of a distribution
• An introduction to statistical modeling of extreme values
• Economies of scale in innovations with block-busters
• Selecting the optimal sample fraction in univariate extreme value estimation
• Using the bootstrap to estimate mean squared error and select smoothing parameter in nonparametric problems

Cited in

(15)

• A Schumpeterian growth model with random quality improvements
• Editorial. The econometrics of intellectual property: an overview
• Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements
• On the asymptotics of tail conditional expectation for portfolio loss under bivariate Eyraud-Farlie-Gumbel-Morgenstern copula and heavy tails
• A robust test for monotonicity in asset returns
• Portfolio diversification under local and moderate deviations from power laws
• On the asymptotics of value-at-risk for portfolio loss under bivariate Eyraud-Farlie-Gumbel-Morgenstern copula and heavy tails
• Asymptotic behavior of expected shortfall for portfolio loss under bivariate dependent structure
• Sieve-based inference for infinite-variance linear processes
• Unit root inference for non-stationary linear processes driven by infinite variance innovations
• On the robustness of location estimators in models of firm growth under heavy-tailedness
• Portfolio diversification and value at risk under thick-tailedness†
• A family of nonparametric unit root tests for processes driven by infinite variance innovations
• Value at risk and efficiency under dependence and heavy-tailedness: models with common shocks
• Heavy tails and copulas: limits of diversification revisited

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Uses Software

• ismev

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