Real Options and Intellectual Property

Capital Budgeting Under Imperfect Patent Protection

Paperback Engels 2007 2007e druk 9783540482635
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Samenvatting

This book proposes an integrated approach to patent risk and capital budgeting in pharmaceutical research and development (R and D), developing an option-based view (OBV) of imperfect patent protection, which draws upon contingent-claims analysis, stochastic game theory, as well as novel numerical methods. The text re-initiates a discussion about the contribution of quantitative frameworks to value-based R and D management.

Specificaties

ISBN13:9783540482635
Taal:Engels
Bindwijze:paperback
Aantal pagina's:282
Uitgever:Springer Berlin Heidelberg
Druk:2007

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Inhoudsopgave

Patenting Under Uncertainty.- Patent Protection, the Firm, and the Economy.- Uncertainty, Irreversibility, and Flexibility.- Patent Protection in the Pharmaceutical Industry.- Exogenous Patent Risk.- and Related Work.- Patents as Investment Opportunities.- Patent Risk as Jumps in the Underlying Process.- From Business Shifts to Jump Processes.- Preliminary Conclusion.- Endogenous Patent Risk.- and Related Work.- Patent Risk as an Option to Litigate.- Preliminary Conclusion.- Conclusion.

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        Real Options and Intellectual Property