專利權與專利授權之評價─實質選擇權之應用
Other Title
Pricing Patents under Knowledge-Based Economy:
Real Option Approach
Real Option Approach
Date Issued
2003
Date
2003
Author(s)
DOI
912416H002029
Abstract
The problem of pricing patents is a sequential investment decision. The patent
holder can decide to launch new product immediately, or delay to the market
introduction. The value of patent option is composed of the patent fee and the lost
option value of deferring to patented new product. The numerical results in this paper
illustrate the impact of rivalry entry on the value of patent option. Our numerical
results not only fill up an open gap found by Takalo and Kanniainen (2000), but also
enhance the insight in the paper of Sarkar (2000) that there may be a positive relation
between uncertainty and investment.Finally, our model suggests that a policy for the purpose of patent protection should make the value of patent option higher, rather
than focus on the maximum protection on new production or technology.
Subjects
Patent
Real options
Publisher
臺北市：國立臺灣大學財務金融學系暨研究所
Type
report
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