@article{Ng:288078,
      recid = {288078},
      author = {Ng, Desmond and Sanchez-Aragon, Leonardo and Huseynov,  Samir},
      title = {Seek and you shall find: the role of exploitive and  explorative search in a biotechnology firm’s patent claims},
      journal = {International Food and Agribusiness Management Review},
      address = {2018-08},
      number = {1030-2019-1646},
      year = {2018},
      abstract = {Patents are widely recognized to provide legal protections  to a firm’s inventions. However, such protections are  dependent upon claims that delineate the exclusive rights  of the patent. This study examines theoretically and  empirically the role of exploitive and explorative search  on a firm’s patent claims in the biotechnology industry. We  argue that firms are subject to ‘boundedly rational’  behaviors where firms are unable to cite their patent’s  prior art and therefore are unable to identify with their  patent’s novel claims. A firm’s exploitive and explorative  search is offered as a solution to overcoming such bounded  rationality. We argue and find that a biotechnology firm’s  exploitive and explorative search has an inverted u-shaped  relationship to a firm’s patent claims. A key contribution  of this study is that a firm’s citation behavior is not  only attributed to strategic and legal motivations, but  also be to behavioral explanations.},
      url = {http://ageconsearch.umn.edu/record/288078},
      doi = {https://doi.org/10.22004/ag.econ.288078},
}