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*"[W]e concluded [in the 2011 paper] that much of the cost borne by technology companies as they defend against NPE lawsuits is a social loss and not a mere transfer"
[[Image:BessenMeurer2014.jpg | 500px]]
(1) the estimated direct, accrued costs of NPE patent assertions totaled $29 billion in 2011
(2) much of this burden falls on small and medium-sized companies
(3) publicly traded NPEs likely cost small and medium-sized firms more money than these NPEs transfer to inventors
(4) the distribution of costs imposed by NPEs is highly skewed, probably because NPEs pursue a range of different business strategies.
====Data Sources====
