Patent Price Dynamics in the Context of Patent Age and Patent Latent Variables

Shyam, S and Mathew, Mary and Nag, Dipanjan (2010) Patent Price Dynamics in the Context of Patent Age and Patent Latent Variables. In: Portland International Center for Management of Engineering and Technology (PICMET 10), 2010, Phuket .

PDF Patent.pdf - Published Version Restricted to Registered users only Download (430kB) | Request a copy

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.

Item Type:	Conference Paper
Publisher:	IEEE
Additional Information:	Copyright 2010 IEEE. Personal use of this material is permitted.However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.
Department/Centre:	Division of Interdisciplinary Sciences > Management Studies
Date Deposited:	31 Mar 2011 07:13
Last Modified:	31 Mar 2011 07:13
URI:	http://eprints.iisc.ac.in/id/eprint/36359

Actions (login required)

View Item