McKenna on Bessen and Meurer
IP lightweight Barrie McKenna pushes Bessen and Meurer:
New research by Boston University law professors James Bessen and Michael Meurer, published in their 2008 book Patent Failure, paints a sobering look at patents in the digital age. Aside from pharmaceutical and chemical manufacturers, companies in all other industries now spend vastly more on litigation than they generate in profits from their patents.
One solution is fundamental patent reform, which would limit oversized infringement awards in court and generally improve the quality of patents.
A problem is the "new research" didn't prove any such thing.
New research by Boston University law professors James Bessen and Michael Meurer, published in their 2008 book Patent Failure, paints a sobering look at patents in the digital age. Aside from pharmaceutical and chemical manufacturers, companies in all other industries now spend vastly more on litigation than they generate in profits from their patents.
One solution is fundamental patent reform, which would limit oversized infringement awards in court and generally improve the quality of patents.
A problem is the "new research" didn't prove any such thing.
posted by Lawrence B. Ebert at 5:35 AM
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