著者ちょしゃ
Christopher A Cotropia
公開こうかい
2008
論文ろんぶん
J. Corp. L.
まき
34
ページ
1127
説明せつめい
A fairly robust economics literature exists which analogizes patents to real options. Real options create the right, but not the obligation, to purchase the underlying asset at a defined exercise price. 1 A patent is like a real option, economists say, because it allows its owner to choose between exclusively commercializing the patented invention sometime during the patent term or foregoing commercialization altogether. 2 Economists have taken this analogy and used real options analysis to place specific values on patents. A few economics articles have gone a step further, identifying some policy implications from the real options description of patents.
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