Fundamental Valuation Of Patents in Continuous Time: A Note

Akila Hariharan (), Megana Prabha, Naveen Srinivasan and Srikanth Pai
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Akila Hariharan: (corresponding author) Madras School of Economics, Chennai, Tamil Nadu, India, 600025
Megana Prabha: London School of Economics and Political Science, Houghton Street, London, WC2A 2AE, United Kingdom
Naveen Srinivasan: Madras School of Economics, Chennai, Tamil Nadu, India, 600025
Srikanth Pai: Madras School of Economics, Chennai, Tamil Nadu, India, 600025

Working Papers from Madras School of Economics,Chennai,India

Abstract: In this note, we show how to solve for the fundamental (or bubble-free) value of a patent in continuous time using two methods: the method of integrating factor and the Laplace transform. Not only do these methods deliver a solution, they also provide conditions for when the solution is unique.

Keywords: Patents; Differential Equations; Integrating factor; Laplace transform; Bubbles (search for similar items in EconPapers)
JEL-codes: C65 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2025-08
New Economics Papers: this item is included in nep-ipr
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