論文ろんぶんを見みる

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.