The Failure of a Pure Patent Market

Christian Bessy
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Christian Bessy: IDHES - Institutions et Dynamiques Historiques de l'Économie et de la Société - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UEVE - Université d'Évry-Val-d'Essonne - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay, ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay

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Abstract: This paper presents an analysis of the movement to make patents a new asset class, and its relative failure. Our thesis is that this creation is largely dependent on the construction of a market devoted to transactions in patents, and not just in technology licenses, and on the emergence of new intellectual property intermediaries akin to finance, whose activity must nevertheless be regulated. Our analysis is based on the various patent valuation conventions that underpin its institutionalization and the variety of its uses.

Keywords: patent, asset class, market intermediary; convention; regulation (search for similar items in EconPapers)
Date: 2023-09-14
Note: View the original document on HAL open archive server: https://hal.science/hal-04236590
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Published in Accounting, Economics and Law: A convivium, 2023, ⟨10.1515/ael-2022-0079⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04236590

DOI: 10.1515/ael-2022-0079

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