FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W808752489> ?p ?o ?g. }

• W808752489 startingPage "18" @default.
• W808752489 abstract "Historically, patents have been deployed primarily in service of two fundamental strategic purposes: to sustain exclusion rights (Cohen, Nelson, and Walsh 2000) or to form basis for cross-licensing negotiations with competitors (Hall and Ziedonis 2001). The chemistry and pharmaceutical industries, for instance, have relied on patents to exclude others from using patented technologies, providing a period of monopoly and an opportunity for extra profit. In contrast, firms in complex product industries, such as telecommunications, semiconductors, or consumer electronics, have generally patented with a view to identifying opportunities for cross-licensing, which is crucial in these sectors (Hall and Ziedonis 2001). However, in beginning of twenty-first century, non-producing patent dealers (for instance, Intellectual Ventures, Rembrandt IP, Acacia Technologies) have played a growing role in high-technology market. Their impact has reached an exceptional scale and scope, so that they affect companies of all sizes in many industries, beyond high-technology sector (PatentFreedom 2012). These new players in market have accelerated transactions between patent owners and patent users, using threat of litigation as a main motivator for exchange (Detkin 2007; McDonough 2007; Reitzig, Henkel, and Heath 2007). Essentially, these dealers encourage firms to license or purchase rights to patented technology by threatening to sue for infringement. Because these new entities do not make or sell products, their entry into IP marketplace threatens to upend competitive system in industries where they operate (Rivette and Kline 2000). Although strategy of threatening with litigation is not a recent development, to best of our knowledge, there are no quantitative studies determining strategy's effect on patent values. In large part, this is because patent market is not transparent and exact data about patent monetization has not been available to researchers. This study, which uses empirical evidence of patent value gathered from a patent dealer, will help close that gap. Using a unique dataset of dealer value assessments and other evaluations for 392 U.S. patents sold to dealer by a major consumer electronics firm, we were able to demonstrate quantitatively that threat of litigation was main driver of value in that patent marketplace. We were also able to outline a profile of patents most likely to create a high threat of litigation--and thus most likely to accrue high value. Patent Dealers and Their Effect on Patent Values Patent dealers have a mixed reputation; they are sometimes seen as aggregators and patent distributors, sometimes as trolls or sharks (Detkin 2007; Millien and Laurie 2007). They are a diverse group, employing any of a number of heterogeneous business models (Millien and Laurie 2007). However, they all have in common one characteristic: they do not produce goods, but instead earn revenue by deploying their intellectual property, whether internally created or acquired (Yanagisawa and Guellec 2009). In other words, patent dealers make money by aggressively identifying infringe-meat and persuading infringers that paying licensing fees or even buying patent is only way to avoid expensive, time-consuming litigation. The playing field has changed for intellectual property as patent dealers have emerged as market intermediaries. Like chess grandmaster Aron Nimzowitsch, patent dealers know that the threat is stronger than execution; (1) after sending first cease-and-desist letter, they will let threat of litigation create new advantages and a possibility of an out-of-court settlement. PatentFreedom (2012) reports that companies in many industries have been targeted by patent dealers. In 2011, 2,150 companies were engaged in 5,842 lawsuits involving patent dealers, incurring about $29 billion in direct costs (2) (Bessen and Meurer 2012). …" @default.
• W808752489 created "2016-06-24" @default.
• W808752489 creator A5034801095 @default.
• W808752489 creator A5070201334 @default.
• W808752489 date "2013-03-01" @default.
• W808752489 modified "2023-09-26" @default.
• W808752489 title "Threat of Litigation and Patent Value: What Technology Managers Should Know: Under the Strategy Employed by Patent Dealers, Patent Value Is Driven by the Threat of Litigation-The Higher the Threat of Litigation, the Greater the Monetary Value of the Patent" @default.
• W808752489 hasPublicationYear "2013" @default.
• W808752489 type Work @default.
• W808752489 sameAs 808752489 @default.
• W808752489 citedByCount "0" @default.
• W808752489 crossrefType "journal-article" @default.
• W808752489 hasAuthorship W808752489A5034801095 @default.
• W808752489 hasAuthorship W808752489A5070201334 @default.
• W808752489 hasConcept C119857082 @default.
• W808752489 hasConcept C127576917 @default.
• W808752489 hasConcept C144133560 @default.
• W808752489 hasConcept C162324750 @default.
• W808752489 hasConcept C162853370 @default.
• W808752489 hasConcept C17744445 @default.
• W808752489 hasConcept C199539241 @default.
• W808752489 hasConcept C199776023 @default.
• W808752489 hasConcept C2776291640 @default.
• W808752489 hasConcept C2777029862 @default.
• W808752489 hasConcept C2780560020 @default.
• W808752489 hasConcept C2781127519 @default.
• W808752489 hasConcept C34447519 @default.
• W808752489 hasConcept C34974158 @default.
• W808752489 hasConcept C40700 @default.
• W808752489 hasConcept C41008148 @default.
• W808752489 hasConcept C54750564 @default.
• W808752489 hasConcept C58546491 @default.
• W808752489 hasConceptScore W808752489C119857082 @default.
• W808752489 hasConceptScore W808752489C127576917 @default.
• W808752489 hasConceptScore W808752489C144133560 @default.
• W808752489 hasConceptScore W808752489C162324750 @default.
• W808752489 hasConceptScore W808752489C162853370 @default.
• W808752489 hasConceptScore W808752489C17744445 @default.
• W808752489 hasConceptScore W808752489C199539241 @default.
• W808752489 hasConceptScore W808752489C199776023 @default.
• W808752489 hasConceptScore W808752489C2776291640 @default.
• W808752489 hasConceptScore W808752489C2777029862 @default.
• W808752489 hasConceptScore W808752489C2780560020 @default.
• W808752489 hasConceptScore W808752489C2781127519 @default.
• W808752489 hasConceptScore W808752489C34447519 @default.
• W808752489 hasConceptScore W808752489C34974158 @default.
• W808752489 hasConceptScore W808752489C40700 @default.
• W808752489 hasConceptScore W808752489C41008148 @default.
• W808752489 hasConceptScore W808752489C54750564 @default.
• W808752489 hasConceptScore W808752489C58546491 @default.
• W808752489 hasIssue "2" @default.
• W808752489 hasLocation W8087524891 @default.
• W808752489 hasOpenAccess W808752489 @default.
• W808752489 hasPrimaryLocation W8087524891 @default.
• W808752489 hasRelatedWork W1507392680 @default.
• W808752489 hasRelatedWork W1538953935 @default.
• W808752489 hasRelatedWork W1543341276 @default.
• W808752489 hasRelatedWork W158415122 @default.
• W808752489 hasRelatedWork W1597617248 @default.
• W808752489 hasRelatedWork W2100519258 @default.
• W808752489 hasRelatedWork W2112379768 @default.
• W808752489 hasRelatedWork W2113884442 @default.
• W808752489 hasRelatedWork W2149285120 @default.
• W808752489 hasRelatedWork W2150041417 @default.
• W808752489 hasRelatedWork W224083923 @default.
• W808752489 hasRelatedWork W2271423963 @default.
• W808752489 hasRelatedWork W2552689989 @default.
• W808752489 hasRelatedWork W2889663203 @default.
• W808752489 hasRelatedWork W3122206153 @default.
• W808752489 hasRelatedWork W3124459120 @default.
• W808752489 hasRelatedWork W3124490362 @default.
• W808752489 hasRelatedWork W3125956686 @default.
• W808752489 hasRelatedWork W337157410 @default.
• W808752489 hasRelatedWork W2989385343 @default.
• W808752489 hasVolume "56" @default.
• W808752489 isParatext "false" @default.
• W808752489 isRetracted "false" @default.
• W808752489 magId "808752489" @default.
• W808752489 workType "article" @default.