| Real Options and Intellectual Property: Capital Budgeting Under Imperfect Patent Protection 2007 Edition Contributor(s): Baecker, Philipp N. (Author) |
|
 |
ISBN: 3540482636 ISBN-13: 9783540482635 Publisher: Springer OUR PRICE: $104.49 Product Type: Paperback - Other Formats Published: January 2007 |
| Additional Information |
| BISAC Categories: - Business & Economics | Industries - General - Business & Economics | Finance - General - Business & Economics | Economics - Macroeconomics |
| Dewey: 338.476 |
| Series: Lecture Notes in Economic and Mathematical Systems |
| Physical Information: 0.61" H x 6.14" W x 9.21" (0.91 lbs) 282 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Over the last years, due to intensive competition in the knowledge economy, legal aspects surrounding intellectual property (IP) rights - including litigation and settlement - have continuously gained in importance. Correspondingly, professional IP management has become an indispensable element of successful value-based management (VBM) in research-intensive firms. With this text, the author 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. Bridging a widening gap between recent advances in the theory of financial analysis and current challenges faced by pharmaceutical companies, the text re-initiates a discussion about the contribution of quantitative frameworks to value-based R and D management. |
