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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.
This paper examines the intertemporal returns of patented inventions using estimates of patent value obtained from German employee inventors' compensation records.
Our analyses allowed us to identify three main research subfields within patent management literature: "patent value", "strategic exploitation of patent value" and "technological and competitive landscape".
Extant research to identify patent value indicators has so far relied on expert estimates of patent value, exploited patent renewal data, or depended on more indirect measures of patent value.
Figure 1.3 plots the German patent value distribution on doubly logarithmic (ie, Pareto) coordinates.
While indicators of patent value explain much of the variation in these patent value estimates, the values are only weakly correlated with the estimated renewal value of the patents.
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My interest was sustained in part by others' findings, from studies of the rates at which fees are paid to keep patents in force in some national jurisdictions, that the distribution of patent values is indeed highly skew.
The view of IP in terms of risk mitigation will likely make small technology companies the next beneficiaries of the increased patent values.
In an auction, of course, the patents' value will be judged by bidders, which could be handset makers, but also patent-buying groups like Intellectual Ventures and Rational Patent Exchange and Allied Security Trust, a nonprofit organization.
The patents value was assessed its geographic scope and competitiveness indicators such as green image, low cost, energy efficiency and equipment design.
For the smaller but even more select group of US inventions, which were patented both in Germany and the United States, the top 22 accounted for 81to85percentent of the 222 patents' value.
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