Real Options and Intellectual Property
Publication year: 2007
ISBN: 978-3-540-48264-2
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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.
Subject: Business and Economics, D Management, Intellectual Property, Patent Risk, Pharmaceuticals, Biotechnology, R & Real Options, game theory, stochastic game theory, quantitative finance
