Journal
WORLD PATENT INFORMATION
Volume 48, Issue -, Pages 1-11Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.wpi.2016.12.001
Keywords
Patent age; Selling price; Patent sale; Patent family; Bundling strategies; Change point analysis
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The age at which a patent yields maximum price remains under explored. This paper attempts to demystify the patent age-price relationship using 510 US patents sold in US auctions. Results show computer and communication singletons sold during second half of their life (similar to after10 years 2 months) exhibit significantly higher price than those sold before. No such relationship came significant for the portfolios sold. Further, age-price relationships are analysed with different bundling strategies composed of different patent family types and others, and technology fields as controls. The paper concludes with discussing the managerial implications. (C) 2016 Elsevier Ltd. All rights reserved.
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