Real Options and Intellectual Property
Author | : Philipp N. Baecker |
Publisher | : Springer Science & Business Media |
Total Pages | : 279 |
Release | : 2007-08-06 |
ISBN-10 | : 9783540482642 |
ISBN-13 | : 3540482644 |
Rating | : 4/5 (644 Downloads) |
Download or read book Real Options and Intellectual Property written by Philipp N. Baecker and published by Springer Science & Business Media. This book was released on 2007-08-06 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book 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. The text re-initiates a discussion about the contribution of quantitative frameworks to value-based R and D management.