To many in the tech world, the idea that patent trolls are bad for business is a no-brainer. But just how bad? Two academics who have spent a large amount of time studying the damage patent trolls do, James Bessen and Michael Meuer, have released a new study arguing that trolls are costing the economy $29 billion a year in direct costs.
If you think you recently read a different number about the costs of patent trolling—a substantially higher one—you did. An earlier study by the same two academics measured indirect costs of patent troll lawsuits, using public companies' stock prices as a proxy for the damages. That study found those costs to be about $83 billion annually.
It's not surprising that the two numbers would be different or that the first one would be significantly higher, study author Michael Meurer explained in an interview. "Based on previous research, we thought the gap between the two might be even larger than it was," he said.
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