Valuing patents?

The article in the NLJ does not explicitly mention patent citation analysis for valuation, but does state


Valuation sometimes requires something other than a generalized categorization of value. Valuing patents monetarily can often be difficult. While objective analytical measures of portfolios can be done, they are often poor estimates of the value for any particular patent or patent family. Economic estimates, which are generally used to put a price on patents, are similarly limited. Those that consider future value are highly speculative and those that are based on actual costs fail to consider the potential use of the patent.



link: http://www.natlawreview.com/article/preparing-or-avoiding-schoolyard-brawl-rationalizing-patent-value

Recall the work of Edlyn Simmons, "Patent Statistics: Comparing Grapes and Watermelons"