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Patent indicators -within the science and technology (S&T) context -are used to measure inventive performance, diffusion of knowledge and internationalisation of innovative activities -across countries, firms, industries, technology areas, etc.A common approach is to calculate patent indicators based on information (filings, grants, etc.) from a particular patent office.While the richness and strength of those indicators are broadly recognised, they are affected by "home" advantage bias -where proportionate to their inventive activity, domestic applicants tend to file more patents in their home country compared to foreign applicants.1.The value distribution of patents is skewed as many patents have no industrial application (hence, are of no value to society), whereas others are of substantial value.The aim here is to develop patent indicators based on patents that are of similar value.This will improve the quality of patent indicators.
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