TY - JOUR
T1 - Valuing academic patents and intellectual properties
T2 - Different perspectives of willingness to pay and sell
AU - Sohn, So Young
AU - Lee, Won Sang
AU - Ju, Yong Han
PY - 2013/1
Y1 - 2013/1
N2 - Academic inventors tend to lack the ability of valuing technologies in their areas. We apply classification tree analysis to discover different perspectives of Willingness to Pay (WTP) and Sell (WTS) of academic inventors when valuing their patents and technologies. Predictor factors considered are development environment, technology characteristics, ownership and patenting policy, and technology transfer characteristics. According to the result of Korean student data, WTS and WTP are differently perceived for the same technology: WTP is higher than WTS for the low valued technologies. The ownership policy, scalability and degree of innovation of technology, among the discovery of significant factors on WTS and WTP, are mainly considered as the important factors on WTS and WTP. From the finding of this research, we provide the policy implication on academic patenting and its ownership for further development of academic patents.
AB - Academic inventors tend to lack the ability of valuing technologies in their areas. We apply classification tree analysis to discover different perspectives of Willingness to Pay (WTP) and Sell (WTS) of academic inventors when valuing their patents and technologies. Predictor factors considered are development environment, technology characteristics, ownership and patenting policy, and technology transfer characteristics. According to the result of Korean student data, WTS and WTP are differently perceived for the same technology: WTP is higher than WTS for the low valued technologies. The ownership policy, scalability and degree of innovation of technology, among the discovery of significant factors on WTS and WTP, are mainly considered as the important factors on WTS and WTP. From the finding of this research, we provide the policy implication on academic patenting and its ownership for further development of academic patents.
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U2 - 10.1016/j.technovation.2012.10.003
DO - 10.1016/j.technovation.2012.10.003
M3 - Article
AN - SCOPUS:84870538612
SN - 0166-4972
VL - 33
SP - 13
EP - 24
JO - Technovation
JF - Technovation
IS - 1
ER -