We find empirical support for forward citations and the patent's family size; however, both indicators explain only a small variance in patent value.
Bessen and Meurer's calculus of costs, and to a large degree, their calculus of patent value, is based on public companies -- i.e., companies that produce real products for real people in real competitive markets.
Enforcement is what gives a patent its value.
In other words, a product without a patent has value; so does a patent without a product.
Or is it because government incentives have prompted people to file lots of iffy patent applications, which the local patent office has a tendency to approve?In this section The bloodhounds of capitalism The bottom line Cloney ponies Going Underground Linguists online Valuing patents Mammon's new monarchs Correction: Daily Mail website ReprintsThere is no reliable way to measure a patent's value.
To date, determining a patent's value has required assembling not only subject matter experts in the technology of the patent, but also hiring patent attorneys and agents to map out the relationships between various claims.
Another onerous change would diminish a patent's value by permitting it to be challenged not just for a relatively short period of time after it is granted, but for its entire life.
Combined with a very easy to use web interface, Octimine's user can do patent searches & analytics (including citation analysis, patent value & risk metrics) in a very smart way without any training needed.
The missing link has been a tool that could make the investigation of patent value more accessible to entrepreneurs, inventors and, most of all, investors.
The impact of the geographical origin of patents on the probability of an opposition being filed and a patent being revoked has been examined in this paper, after accounting for patent value indicators and industry specificities.
In contrast, our full model explains a large share of variance, making us optimistic that with increased directly observed patent value, such models can be useful tools in patent valuation.
