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Valuing patents using renewal data : an inquiry into the feasability of an automated patent scoring method

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  • Marc Baudry
  • Béatrice Dumont

Abstract

In this paper, we address the problem of patent valuation. With this aim in view, we focus on the feasibility of a patent rating system. This leads us to develop a structural model of patent renewal decisions based on real options that links patent renewals and patent value and to estimate it on micro level data. Results for a sample of European patents show that unobserved heterogeneity is too high to efficiently discriminate among patents and cast some doubt on the possibility to develop a reliable rating system based only on patent metrics.

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  • Marc Baudry & Béatrice Dumont, 2012. "Valuing patents using renewal data : an inquiry into the feasability of an automated patent scoring method," EconomiX Working Papers 2012-31, University of Paris Nanterre, EconomiX.
    • Handle: RePEc:drm:wpaper:2012-31
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    Cited by:

    1. Marc Baudry & Adrien Hervouet, 2017. "The private value of plant variety protection and the impact of exemption rules," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(3), pages 202-226, April.

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