The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Patent Valuation

  • Jonathan Putnam
Reference work entry


Agents routinely appraise and trade individual patents. But small-sample methods (generally derived from basic accounting and finance) are often crude, and their results may bear little relationship to economic fundamentals, especially in litigation. Meanwhile, large-sample methods usually lack much invention-specific data on which to condition value estimates. Regardless of sample size, proper valuation methods require both conceptual delineation and empirical ingenuity.


Disclosure Inventions Patent citations Patent counts Patent valuation Patents Research and development 

JEL Classification

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Jonathan Putnam
    • 1
  1. 1.