... (nonmonopoly) conditions, the difference is the value created by the intellectual property. The present value of theseprofit differentials, over the life of the intellectual property, is its truevalue ... distinguish between the value of the technology and the value of the intellectual property. If the firm did not have proprietary (exclusive) rights to the tech-nology (if, for example, the technology ... dif-fers from the other models in that it purports to determine the value of a firm’s intellectual property as a whole, rather than the separate value of any piece or component thereof. Moreover,...