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Valuing environmental patents legal protection when data is not available

Author

Listed:
  • Simona Tenaglia

    (ISFOL - Institute for the Development of Training for Workers)

  • Marco Ventura

    (ISAE - Institute for Studies and Economic Analyses)

Abstract

This paper aims at estimating the value of legal patent protection of environment-related technologies, using the real options approach. In particular, we manage to overcome the problem of the lack of data for those countries that do not collect patent renewal data. Following this estimation strategy, we rank the value of legal patent protection for seventeen countries, closely reproducing other rankings based on surveys, for instance the PatVal survey by the EU Commission (2006), but relying on macro data publicly available and easy to access. The unit value of damage is found to be the most important determinant of the value of patents granted by legal protection.

Suggested Citation

  • Simona Tenaglia & Marco Ventura, 2008. "Valuing environmental patents legal protection when data is not available," ISAE Working Papers 103, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
    • Handle: RePEc:isa:wpaper:103
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    value of patents; legal protection; real options; abatement technology; environmental technologies.;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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