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Organisations with high value patents, particularly pharmaceutical companies, are likely to shy away from the system in its infancy as it presents a significant risk.
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While the returns earned by most patents dissipate rapidly, high valued patents tend to receive significant returns through the latter part of the patent term.
These high valued patents which account for the vast majority of the realized returns, further can be identified based on past returns, relatively early in the patent term.
The distribution of patent value from these records is highly skew, with the vast majority of the returns earned by a select set of high valued patents, consistent with finding for other measures of patent value.
These findings suggest that while shortening the length of the patent term could substantially reduce realized returns, graduated maintenance fees may not adversely affect returns, as firms would be able to identify and selectively renew the subset of high valued patents.
Although we find some evidence that co-patenting corresponds to higher (patent) value, patents co-owned with firms are significantly less likely to receive self-citations, indicating constraints on the future exploitation and development of co-owned technologies.
It did not increase innovation as measured by changes in the distribution of high and low value patents and citations to English inventor patents in the United States.
Then there is the high value of individual patents in the hands of specialists skilled in "value extraction" and who don't need to offset the value of their patents with licenses from others because they produce nothing.
For example, there is high value in establishing that patent A, journal article B, PubMed abstract C and database record D, are, from the bioactivity standpoint, probably referring to the same canonical chemical entity.
More recently, real options have been applied to value patents and high-tech companies with mainly intangible assets.
Is it high value?
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