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15 Pat. Trademark & Copy. J. Res. & Ed. 557 (1971-1972)
The Commercial Value of Patented Inventions

handle is hein.journals/idea15 and id is 563 raw text is: The Commercial Value of Patented Inventions RICHARD L. SANDOR* SUMMARY THE PURPOSE OF THE CURRENT RESEARCH has been to determine the value of inventive activity by a direct method and to compare a direct and indirect approach. The results suggest that the direct method is reliable. The results are consistent with the original attempts to determine the value of inventive activity. An indirect method de- veloped by F.M. Scherer is incompatible with the direct method. INTRODUCTION PATENT STATISTICS HAVE FREQUENTLY BEEN USED in the growing body of empirical studies concerned with inventive activity and related areas. Their advantages and disadvantages have been a constant source * Assistant Professor, School of Business Administration, University of Cali- fornia, Berkeley. The author wishes to thank the National Science Foundation and the Institute of Business and Economic Research of the University of California for their generous support.

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