Selling ideas: the determinants of patent value in an auction environment
作者： Katherine A. Sneed , Daniel K. N. Johnson
DOI: 10.1111/J.1467-9310.2008.00540.X
关键词: Business 、 Generalized second-price auction 、 Valuation (finance) 、 Auction theory 、 Vickrey–Clarke–Groves auction 、 Unique bid auction 、 Eauction 、 Revenue equivalence 、 Microeconomics 、 Forward auction
摘要: Although previous empirical studies have found relationships between patent characteristics and value, none determined how specific attributes relate to auction value or even the probability of a successful sale. Using Heckman two-step model, we regress 13 independent variables against unique data, finding that publicly owned frequently referenced patents are more valuable, other things being equal, there is an optimal time offer up for auction.
sci-hub.se 参考文章(14)
M Trajtenberg, Bronwyn H. Hall, A Jaffe, Market value and patent citations The RAND Journal of Economics. ,vol. 36, pp. 16- 38 ,(2005)
Markus Reitzig, What determines patent value? Insights from the semiconductor industry Research Policy. ,vol. 32, pp. 13- 26 ,(2003) , 10.1016/S0048-7333(01)00193-7
Megan MacGarvie, Megan MacGarvie, Bronwyn H. Hall, The Private Value of Software Patents Social Science Research Network. ,(2006)
Ulrich Lichtenthaler, Holger Ernst, Developing reputation to overcome the imperfections in the markets for knowledge Research Policy. ,vol. 36, pp. 37- 55 ,(2007) , 10.1016/J.RESPOL.2006.08.005
Manuel Trajtenberg, A Penny for Your Quotes : Patent Citations and the Value of Innovations The RAND Journal of Economics. ,vol. 21, pp. 172- 187 ,(1990) , 10.2307/2555502
Martha Amram, The Challenge of Valuing Patents and Early-State Technologies Journal of Applied Corporate Finance. ,vol. 17, pp. 68- 81 ,(2005) , 10.1111/J.1745-6622.2005.00033.X
Ming-Cheng Wu, Chun-Yao Tseng, Valuation of patent – a real options perspective Applied Economics Letters. ,vol. 13, pp. 313- 318 ,(2006) , 10.1080/13504850500393477
Dietmar Harhoff, Frederic M Scherer, Katrin Vopel, Citations, Family Size, Opposition and the Value of Patent Rights Research Policy. ,vol. 32, pp. 1343- 1363 ,(2003) , 10.1016/S0048-7333(02)00124-5
Markus Reitzig, Improving patent valuations for management purposes—validating new indicators by analyzing application rationales Research Policy. ,vol. 33, pp. 939- 957 ,(2004) , 10.1016/J.RESPOL.2004.02.004
Jean O. Lanjouw, Ariel Pakes, Jonathan Putnam, How to Count Patents and Value Intellectual Property: The Uses of Patent Renewal and Application Data Journal of Industrial Economics. ,vol. 46, pp. 405- 432 ,(1998) , 10.1111/1467-6451.00081