Identifying Ex Ante Characteristics of Radical Inventions Through Patent-Based Indicators

This study provides a new, more comprehensive measurement of technological novelty. Integrating insights from the existing economics and management literature, we characterize inventions ex ante along two dimensions of technological novelty: Novelty in Recombination and Novelty in Knowledge Origins. For the latter dimension we distinguish between Novel Technological and Novel Scientific Origins. For each dimension we propose an...