Ocean Tomo Blog Patents as Options: Imperfect Enforcement and Patent Value

Introduction Recently, a friend of mine published a paper modeling PCT applications as "real options."1 Patents are classic examples of "real options," and I was reminded of a paper of mine in which I model patents as "an option to sue." Understanding this modeling strategy provides a helpful framework for understanding certain aspects of patent [...]The post Patents as Options: Imperfect Enforcement and Patent Value appeared first on Ocean Tomo.