| Title |
Selling Ideas: The Determinants of Patent Value in an Auction Environment
|
| Author |
Sneed, Katherine A.
Johnson, Daniel K. N.
|
| Type of Resource |
text
|
| Digital Origin |
born digital
|
| Date Created |
2007-06
|
| 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
|
| Rights Statement |
Copyright restrictions apply. Contact the author for permission to publish.
|
| Note (admin) |
Acquired as PDF from Colorado College Department of Economics and Business. Converted to PDF/A1.b using Adobe Acrobat Professional.
|
| Publisher |
Colorado College
|
| Place of Publication |
Colorado Springs, Colorado
|
| Local Identifier |
2007-05
|
| Handle |
http://hdl.handle.net/10176/coccc:2616
|
