Real Options and Intellectual Property : Capital Budgeting Under Imperfect Patent Protection Paperback / softback
by Philipp N. Baecker
Part of the Lecture Notes in Economics and Mathematical Systems series
Paperback / softback
Description
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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Item not Available
- Format:Paperback / softback
- Pages:282 pages, 16 Tables, black and white; 47 Illustrations, black and white; X, 282 p. 47 illus.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:10/01/2007
- Category:
- ISBN:9783540482635
Other Formats
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Information
-
Item not Available
- Format:Paperback / softback
- Pages:282 pages, 16 Tables, black and white; 47 Illustrations, black and white; X, 282 p. 47 illus.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:10/01/2007
- Category:
- ISBN:9783540482635
