Kim sez, "Tech investor Brad Feld has a blog entry up summarizing and linking to a great paper by some BU School of Law students, in which they research the social & fiscal real world costs of patent trolls. From his site: '... a phenomenal paper titled The Private and Social Costs of Patent Trolls. Rather than be politically correct and refer to NPEs simply as 'non-practicing entities,' they cut through all the noise, define what a patent troll is, and go through a detailed and rigorous analysis of the private and social costs of patent trolls."
* From 1990 – 2010 NPE lawsuits are associated with $500 billion dollars of lost wealth to defendants.
* In the past four years, NPE lawsuits are associated with an average of $80 billion per year of lost wealth to defendants.
* Very little of this loss wealth represents a transfer to inventors.
The litigation has distinctive characteristics:
* It is focused on software and related technologies.
* It targets firms that have already developed technology.
* Most of these lawsuits involve multiple large companies as defendants.
The authors suggest that these lawsuits exploit weaknesses in the patent system. They conclude that the loss of billions of dollars of wealth associated with these lawsuits harm society and state “while the lawsuits increase incentives to acquire vague, over-reaching patents, they decrease incentives for real innovation overall.”
The Real Cost of Patent Trolls
Tim Wu, the Colombia University law professor and anti-trust/competition expert who coined the term “Net Neutrality,” has published an open letter to Tim Berners-Lee, the creator of the web and director of the World Wide Web Consortium (W3C).
Rogue archivist Rick Prelinger writes, “Oakland students planned to paint a mural on a dark freeway underpass in their city. The project is stalled because Caltrans asserts copyright to murals on its property. The details are a bit sketchy, but there’s a petition here.
Steven Boyett writes, “Humble Bundle has released a unicorn-themed Bundle, with proceeds to benefit the World Wide Fund for Nature and Fauna & Flora International. For as little as $1.00, you can get Ariel, by Steven R. Boyett (full disclosure: that’s me); Unicorn Mountain, by Michael Bishop; Homeward Bound, by Bruce Coville; and Unicorn Triangle, […]
Bamboo has lots of uses beyond just being panda food. Things like bikes, roads, scaffolding, and musical instruments are made from the fast-growing grass. But unless you are participating in a tropical-themed LARP, you probably wouldn’t want a shirt made from bamboo stalks. So why do bamboo bed sheets make any sense? Because yarn extracted from […]
If you want to work in tech, but don’t have any desire to code web apps to help businesses sell things to other business, you might want to consider a career in cybersecurity. Judging from the apparent complete infiltration of Russian hackers in American cyberspace, it seems fair to speculate that there’s a major shortage of […]
All moms are different. But all moms like getting flowers on Mother’s Day, and that’s a fact (not, however a fact we can document in any fashion.) Instead of getting chewed out for forgetting to call her on the second Sunday of May, you can take care of it ahead of time with Teleflora’s flower […]