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
The European Union is in the final stage of deciding on net neutrality, and as it stands their proposal contains major loopholes that threaten the open Internet in Europe and around the world. BEREC, the EU regulator, is holding a final public comment period that will end on July 18.
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The monthly Report on Business magazine in the Canadian national paper The Globe and Mail profiled my work on DRM reform, as well as my science fiction writing and my work on Boing Boing.
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