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Patent monetisation is an important source of revenues worldwide. This activity is increasingly carried out by patent assertion entities (PAE), which are at the origin of about 40% of infringement actions filed in the United States. This paper uses an original database of US patents reporting PAE patent acquisitions. We document two key empirical facts about the presence of PAEs in the market for patents. First, PAEs build large patent portfolios and contribute significantly to patent transfers in the US. Second, their impact on follow-on innovation is, on average, negative. With a series of dynamic diff-in-diffs analyses, we estimate a significant post-transfer drop in forward citations received by patents acquired by PAEs. This drop is not immediate but takes some years to materialise. Heterogeneity tests show that our results are driven by acquisitions of old and highly cited patents, as well as by patent acquisitions by large patent aggregators. [ABSTRACT FROM AUTHOR]

Despite its benefits, the online environment fosters darker consumer behaviours including conflict, revenge, and aggression. Trolling has recently entered the marketing lexicon and poses a substantial threat for consumers and brands. However, current understandings of trolling are limited by a lack of empirical research, and a focus on undiscernible 'trolls' and their behaviours. Accordingly, the term 'trolling' has become a catch-all to describe almost any online misbehaviour. This research takes a broader perspective by examining the historical and discursive conditions that have produced trolling and its social practices. Combining a Foucauldian archaeology with marketing practitioner interviews, this study contributes a comprehensive understanding of trolling as a social phenomenon, the social practices that constitute it, and how trolling is enacted within consumer-brand interactions. [ABSTRACT FROM AUTHOR]

The paper investigates the relationship between demand, innovation and research intensity (R&D to output and patents per millions of hours worked) in different groups of industries. These relationships were investigated using disaggregate industry-level data from EU KLEMS, ANBERD and USPTO, in a sample that comprises 12 industries in 18 countries over 1977–2006. The results reported in the paper indicate that demand exerts a positive and significant impact on innovation, measured by R&D expenditure and patents. Moreover, this impact is stronger in high-tech industries than in low-tech ones. The paper also provides evidence that demand does not impact research intensity, despite its impact on innovation. This finding holds both for low-tech and high-tech industries, using both R&D to value added and patents per millions of hours worked as measures of research intensity. This suggests that research intensity is not influenced by demand growth, but most likely depends on the quality of each country's National Innovation System. [ABSTRACT FROM AUTHOR]

Most of the available evidence on patent assertion entities (PAEs) is coming from the United States, while little is known for Europe. The up-coming Unitary Patent (UP) and the Unified Patent Court (UPC) system are considered to be game-changing elements for strategic patent options and for patent assertion activity in Europe. Many patent practitioners are watching Europe as the future market place for patenting. PAE activity in Europe is increasing and one reason for this trend is that PAEs originating from the United States are becoming more active in Europe. In the future, fuzzy boundaries of patent claims in general and of software-related claims in particular, new combinations of technologies and enhanced interoperability under the schemes of Industry 4.0 and the Internet of Things could attract PAE activity in technological fields where it has not been seen before. Altogether, some of the features of the new UPC have the potential to play into the hands of PAEs in Europe. The future will much depend on the implementation of the new UPC system, how the different divisions of the court will establish case law decisions and how PAEs will make use of the new system. The intention of the article is to provide an overview of ongoing PAE activity in Europe and to assess the future strategic options of PAEs in Europe based on the design of the new UP and UPC system. [ABSTRACT FROM AUTHOR]

An interview with scholar Jim Bessen of the Boston University School of Law in presented in which he discusses patents and innovation. Topics include his role in a research project on measuring the value of patents and the rise in patent litigation due to "patent trolls," his opinions on the effectiveness of the America Invents Act, and the effect of relaxed U.S. Federal Circuit court standards on software and business process patents.

Business method patents are a special class of patents that allow companies to assert ownership over technologies and the ways in which those technologies are put to use. Looking at the history of business method patents in the United States and the recent resurgence of this type of patent activity in the mobile and handheld computing sectors, I argue that business method and related software patents act as quiet quests for control over information and cultural practices. Business method and software patents highlight how certain actors use moments of technological change to secure economic and cultural advantages through law and regulation. Instead of fostering innovation and rewarding inventors, these patents are an impractical form of intellectual property that seeks to mimic traditional conceptions of physical objects in an era of digital goods. This article serves as a call for scholars undertaking research on the migration of media and culture to new digital formats and devices to consider how patents act as protocols that pre-inscribe devices with certain features, gestures, and meanings. As an increasing variety of cultural goods such as music, movies, and books migrate into digital formats online, business method and software patents have significant implications for the production, circulation, and use of digital commodities. [ABSTRACT FROM AUTHOR]