Overview
- Includes supplementary material: sn.pub/extras
Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 587)
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About this book
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 successful value-based management (VBM) in research-intensive firms.
With this text, the author proposes an integrated approach to patent risk and capital budgeting in pharmaceutical research and development (R and D), developing an option-based view (OBV) of imperfect patent protection, which draws upon contingent-claims analysis, stochastic game theory, as well as novel numerical methods. Bridging a widening gap between recent advances in the theory of financial analysis and current challenges faced by pharmaceutical companies, the text re-initiates a discussion about the contribution of quantitative frameworks to value-based R and D management.
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Table of contents (13 chapters)
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Front Matter
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Introduction
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Patenting Under Uncertainty
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Front Matter
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Endogenous Patent Risk
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Front Matter
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Back Matter
Authors and Affiliations
Bibliographic Information
Book Title: Real Options and Intellectual Property
Book Subtitle: Capital Budgeting Under Imperfect Patent Protection
Authors: Philipp N. Baecker
Series Title: Lecture Notes in Economics and Mathematical Systems
DOI: https://doi.org/10.1007/978-3-540-48264-2
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Business and Management (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2007
Softcover ISBN: 978-3-540-48263-5Published: 10 January 2007
eBook ISBN: 978-3-540-48264-2Published: 06 August 2007
Series ISSN: 0075-8442
Series E-ISSN: 2196-9957
Edition Number: 1
Number of Pages: X, 282
Number of Illustrations: 47 b/w illustrations
Topics: Innovation/Technology Management, Macroeconomics/Monetary Economics//Financial Economics, Finance, general, Economic Theory/Quantitative Economics/Mathematical Methods, Quantitative Finance, Operations Research/Decision Theory