Real Options and Intellectual Property Capital Budgeting Under Imperfect Patent Protection /

• Main Author: Baecker, Philipp N. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2007.
• Series: Lecture Notes in Economics and Mathematical Systems, 587
• Subjects: Business.; Management.; Industrial management.; Operations research.; Decision making.; Finance.; Economics, Mathematical.; Economic theory.; Macroeconomics.; Business and Management.; Innovation/Technology Management.; Macroeconomics/Monetary Economics//Financial Economics.; Finance, general.; Economic Theory/Quantitative Economics/Mathematical Methods.; Quantitative Finance.; Operation Research/Decision Theory.

Over the last years, due to intensive competition in the knowledge economy, legal aspects surrounding intellectual property (IP) rights - including litigation and settlement - have continuously gained in importance. Correspondingly, professional IP management has become an indispensable element of s...

Table of Contents:

• Patenting Under Uncertainty
• Patent Protection, the Firm, and the Economy
• Uncertainty, Irreversibility, and Flexibility
• Patent Protection in the Pharmaceutical Industry
• Exogenous Patent Risk
• and Related Work
• Patents as Investment Opportunities
• Patent Risk as Jumps in the Underlying Process
• From Business Shifts to Jump Processes
• Preliminary Conclusion
• Endogenous Patent Risk
• and Related Work
• Patent Risk as an Option to Litigate
• Preliminary Conclusion
• Conclusion.