Tag endowment effect

What is the Value of my Intellectual Property?

"What’s the value of my IP?” is a question that comes up in the mind of a lot of IP owners, enticed by news of lavishly priced IP rights, they would like to see if they can get their IP monetized in a similar lucrative way. For the companies that receive the question of whether they can valuate the IP this is not always good news. “It depends”  is mostly not a reply that is welcomed by a hopeful IP owner, who expects immediate enthusiasm from the valuator and a strong confirmation of his own ideas about how valuable his IP is.

Value of Patents and the Endowment Effect

As research has shown, owners have an incentive to exaggerate the valuation of their property. This is true for all kind of property but is it also true for intellectual property? People are reluctant to part with their property, and…