Selling Ideas: The Determinants of Patent Value in an Auction Environment
Colorado College Working Paper No. 2007-05
19 Pages Posted: 7 Jul 2007
Date Written: 2007
Abstract
Although previous empirical studies have found relationships between patent characteristics and value, none have determined how specific attributes relate to auction value or even the probability of a successful auction sale. Using a Heckman two-step model, we regress thirteen independent variables against unique patent auction data, finding that publicly-owned and frequently referenced patents are more valuable, and that other things equal, there is an optimal time to offer a patent up for auction.
Keywords: auction, patent, citation, valuation
JEL Classification: O31, O32, O33, O34
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Market Value and Patent Citations: A First Look
By Bronwyn H. Hall, Adam B. Jaffe, ...
-
The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools
By Bronwyn H. Hall, Adam B. Jaffe, ...
-
The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools
By Bronwyn H. Hall, Adam B. Jaffe, ...
-
By Rebecca M. Henderson, Adam B. Jaffe, ...
-
Estimates of the Value of Patent Rights in European Countries During Thepost-1950 Period
By Mark A. Schankerman and Ariel Pakes
-
Patents and R&D: is There a Lag?
By Bronwyn H. Hall, Zvi Griliches, ...
-
International Knowledge Flows: Evidence from Patent Citations
By Adam B. Jaffe and Manuel Trajtenberg
-
Privatizing R&D: Patent Policy and the Commercialization of National Laboratory Technologies
By Adam B. Jaffe and Josh Lerner