Titlebook: Measuring the Immeasurable; Valuing Patent Prote Christian Grube Book 2009 Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 20

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Introduction,ounding father of the United States of America. He also invented products and technologies that are still used today, for example, bifocals and the lightning rod. In a world in which knowledge creation, application, and protection are essential drivers for a firm’s success, his 250-year-old words of

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Protecting knowledge-based competitive advantages through patents,tion according to the patent laws in Germany, Europe, and the United States and international patent treaties (section 1.4). After a short introduction to the main patent classification systems (section 1.5), I conclude this chapter with a discussion of the cost and benefits of patent litigation (se

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Exploiting patent protection of knowledge-based competitive advantages through market transactions,d consequently allows the effective appropriation of value from knowledge assets in general and patents in particular. In the case of innovations, licensing agreements are one type of performance- oriented contracts used to exploit the value embedded in technical knowledge (Teece, 1986). Licensing a

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Conclusion, a key role in fostering economic and social progress. After the predominance of industrial production capabilities in the last centuries, modern economies are more and more based on knowledge assets. Under the paradigm of the resource-based view of the firm, the value of knowledge mainly derives fr

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Conclusion,om its intangible nature. This intangibility allows scalability in use and non-rivalry in consumption. In combination with increasing demand for technologically sophisticated products, knowledge has become a major driver for creating and maintaining competitive advantages and sustainable firm success.

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er, founder, and first president of the American Philosophical Society is not only well known for his role as a founding father of the United States of America. He also invented products and technologies that are still used today, for example, bifocals and the lightning rod. In a world in which know