From Arms Race to Marketplace: The Complex Patent Ecosystem
نویسنده
چکیده
For several decades, high-tech companies have acquired patents in order to deter others from suing them. According to the logic of the patent arms race, an arsenal of patents provides protection to patentees by discouraging would-be plaintiffs from filing suit. Recently, a secondary market for patents has emerged, providing new opportunities to buy and sell patents. Non-practicing entities (NPEs), who don't make products, have acquired patents on the patent market and used them to become some of the most active litigants in the patent system.
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