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Project

Intellectual property (IP) valuation using both claim characteristics and market data

Corporate success is to a large extent based on innovation, and as a result so is our economy’s. To both stimulate and protect inventions patents are issued which exclude others from making, using, selling or importing an invention for a limited period of time. Patents are intellectual property (IP) that need to be valued for accounting, tax, litigation and contracting purposes. However, valuing patents is often quite complex and it requires a mixture of expertise including input from accountants, lawyers and engineers. In this project we aim to significantly enhance the explanatory power of patent valuation models by studying both the value relevance of intrinsic as well as extrinsic patent value drivers. In particular, our objectives are 1) to investigate intrinsic value drivers of individual patents using market data (patent prices); 2) to execute an in-depth study of the effect of claim characteristics on patent prices; 3) and to study the effects of market conditions on patent valuation.

Date:1 Jan 2019 →  31 Dec 2022
Keywords:Economics
Disciplines:Intellectual property law, Econometric modelling