A. Peters

How Much to Sell and When: Optimal Staged Divestiture of Patent‐Linked Royalty Claims Under Risk, Illiquidity, and Finite Horizon

Patent owners can sell a royalty interest in stages rather than all at once. This paper asks how much to sell now when claim values are uncertain, buyers are costly to reach, and patent expiry limits the time available. A decision model produces sale schedules that adjust to current value, the share retained, and tim...