Selling Patents at Auction: An Empirical Analysis of Patent Value

摘要: This paper analyzes the impact of patent bibliographic indicators and characteristics on economic value patents put sale in an auction, considering different typologies sellers buyers. A unique dataset covering all auctions held until end 2008 by Ocean Tomo is used. We employ two measures drawn from auction process: offer price (ex-ante set seller) closing (the market-value determined buyers) lots. find a positive correlation between forward citations patents, while backward have significant lot price, but turn to be negatively related price. The number claims does not affect significantly it has clear Also, degree technological congruence included lot, which positively turns still if we consider evidence interpreted light buyers participating at event.