Real Options and Intellectual Property
Capital Budgeting Under Imperfect Patent Protection
Paperback Engels 2007 2007e druk 9783540482635Samenvatting
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.
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