Patent Portfolios

Abstract

This article develops a comprehensive theory of patent value, responding to growing empirical evidence that the traditional appropriability premise of patents is fundamentally incomplete in the modern innovation environment. We find that for patents, the whole is greater than the sum of its parts: the true value of patents lies not in their individual worth, but in their aggregation into a collection of related patents—a patent portfolio.

Cite this paper

@inproceedings{Parchomovsky2005PatentP, title={Patent Portfolios}, author={Gideon Parchomovsky and R. Polk Wagner and Richard Buxbaum and Julie Cohen and Wendy M Gordon and Alvin Dong and Sean McEldowney}, year={2005} }