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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Shyam, S. Mathew, M. Nag, D. |
| Copyright Year | 2010 |
| Description | Author affiliation: ICAP Ocean Tomo LLC, Chicago, IL, USA (Nag, D.) || Dept of Management Studies, Indian Institute of Science, Bangalore, India (Shyam, S.; Mathew, M.) |
| Abstract | The decision to patent a technology is a difficult one to make for the top management of any organization. The expected value that the patent might deliver in the market is an important factor that impacts this judgement. Earlier researchers have suggested that patent prices are better indicators of value of a patent and that auction prices are the best way of determining value. However, the lack of public data on pricing has prevented research on understanding the dynamics of patent pricing. Our paper uses singleton patent auction price data of Ocean Tomo LLC to study the prices of patents. We describe price characteristics of these patents. The price of these patents was correlated with their age, and a significant correlation was found. A price — age matrix was developed and we describe the price characteristics of patents using four quadrants of the matrix, namely young and old patents with low and high prices. We also found that patents owned by small firms get transacted more often and inventor owned patents attracted a better price than assignee owned patents. |
| Starting Page | 1 |
| Ending Page | 7 |
| File Size | 430508 |
| Page Count | 7 |
| File Format | |
| ISBN | 9781424482030 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2010-07-18 |
| Publisher Place | Thailand |
| Access Restriction | Subscribed |
| Rights Holder | PICMET (Portland Intl conf on Manage |
| Subject Keyword | Patents Oceans Computers Licenses Context Correlation Technological innovation |
| Content Type | Text |
| Resource Type | Article |
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