This paper analyzes what are the determinants of patent value with respect to a complementary intellectual property strategy such as trademarks. I advance a method and an algorithm to gauge combinations of patent and trademark pairs regarding the same innovative project and validating it with market value of patents. I find ample evidence that the proposed algorithm can predict the value of patents, even after controlling for several characteristics of the patent and its owner. The algorithm can also mimic significantly the tail of patent value distribution. Furthermore, I propose an uni-dimensional composite index to summarize several indicators that combine both patent and trademark information.
The Value of Patent and Trademark Pairs
THOMA, Grid
2014-01-01
Abstract
This paper analyzes what are the determinants of patent value with respect to a complementary intellectual property strategy such as trademarks. I advance a method and an algorithm to gauge combinations of patent and trademark pairs regarding the same innovative project and validating it with market value of patents. I find ample evidence that the proposed algorithm can predict the value of patents, even after controlling for several characteristics of the patent and its owner. The algorithm can also mimic significantly the tail of patent value distribution. Furthermore, I propose an uni-dimensional composite index to summarize several indicators that combine both patent and trademark information.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
