Option Value (OV)

Definition

A valuation method for stranded knowledge assets based on the probability that the asset becomes valuable if released to the commons. Uses a Black-Scholes-inspired optionality framework adapted for knowledge assets.

Example

An academic research methodology shelved because the original field moved on. OV captures the probability that an adjacent field could use the methodology productively.

Source

VUC Section 3.3

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Related Terms from Valuing the Unlicensed Commons

Stranded Knowledge Assets

Cost-to-Recreate (CTR)CTR

Comparable Licensing Value (CLV)CLV

Social Value Discount (SVD)SVD

Knowledge Commons

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Valuing the Unlicensed Commons