Lecture Notes in Economics and Mathematical Systems

Real Options and Intellectual Property

Capital Budgeting Under Imperfect Patent Protection

Authors: Baecker, Philipp N.

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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.

Table of contents (13 chapters)

Table of contents (13 chapters)

Buy this book

eBook $109.00
price for USA in USD
  • ISBN 978-3-540-48264-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • Immediate eBook download after purchase and usable on all devices
  • Bulk discounts available
Softcover $139.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Real Options and Intellectual Property
Book Subtitle
Capital Budgeting Under Imperfect Patent Protection
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
587
Copyright
2007
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-48264-2
DOI
10.1007/978-3-540-48264-2
Softcover ISBN
978-3-540-48263-5
Series ISSN
0075-8442
Edition Number
1
Number of Pages
X, 282
Number of Illustrations
47 b/w illustrations
Topics