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(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
→Findings
*"The median company sued had $10.8 million in annual revenues. 82% of the defendants had less than $100 million in revenue and these accounted for 50% of the defenses. Small and medium-sized companies account for 37% of the accrued direct costs."
*"[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"
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