Free Webinar: 12th December 2023, 15:00GMT. Intellectual Property Value in Secondary Patent Markets.
Intellectual Property Value in Secondary Patent Markets
The talk provides further understanding of patent value with beneficial lessons for effective patent commercialization. The presentation looks at the behavior of patenting under uncertainty – in particular the resilience of investments in innovation during periods of uncertainty and business fluctuations. It establishes that a firm’s patenting decreases the uncertainty of sales. However sufficiently high levels of exposure to secondary patent markets mitigates the effects of uncertainty shocks and may even induce a positive association between uncertainty and patenting. Through the secondary market for patents, firms are able to use patent protection to store value and recoup investments in R&D.?
About the Speaker
Gerard Torres, Senior Research Economist, United States Patent and Trademark Office (USPTO)
Gerard Torres is a Senior Research Economist at the United States Patent and Trademark Office (USPTO). Since joining the USPTO, he has forecast the agency’s revenue and helped shape its financial policies. He led efforts on financial policy changes for the America Invents Act and implemented regulatory changes, including setting and adjusting user fees. The study he presents was undertaken jointly with other scholars under the auspices of the USPTO.?