the value determined by the market has two meanings.
first, the real value of patents.
second, the estimated value of the buyer and seller.
The true value of a patent refers to the value that a patent can be converted under the current situation. The seller may add his own energy, time and other costs to the estimated value, while the buyer will subtract the cost when the patent is converted into value.
The value of the final patent is reflected through market transaction, which is also a game process. Sometimes there will be a seller and multiple buyers, so the patent value can be said to be the final price reached by buyers and sellers.
in other words, the patent value is determined by the market.