Valuing environmental patents legal protection when data is not available

Simona Tenaglia and Marco Ventura

No 103, ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY)

Abstract: This paper aims at estimating the value of legal patent protection of environment-related technologies, using the real options approach. In particular, we manage to overcome the problem of the lack of data for those countries that do not collect patent renewal data. Following this estimation strategy, we rank the value of legal patent protection for seventeen countries, closely reproducing other rankings based on surveys, for instance the PatVal survey by the EU Commission (2006), but relying on macro data publicly available and easy to access. The unit value of damage is found to be the most important determinant of the value of patents granted by legal protection.

Keywords: value of patents; legal protection; real options; abatement technology; environmental technologies. (search for similar items in EconPapers)
JEL-codes: K40 O38 Q55 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2008-07
New Economics Papers: this item is included in nep-env, nep-ino, nep-ipr, nep-pr~, nep-law and nep-reg
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