patent, technology, royalty stacking, hold-up problem, FRAND
Technology patents serve two purposes: to protect competition in the marketplace and to promote collaborative innovation amongst rival firms. Society benefits when technology firms are made to share patents at fair rates. The costs and benefits of technology patents are discussed in the context of industry expectations, and the broader implications for society. Firms should be encouraged to continue innovating, benefiting society as they go.
"Industry Spotlight: Technology Patents,"
Marriott Student Review: Vol. 1
, Article 5.
Available at: http://scholarsarchive.byu.edu/marriottstudentreview/vol1/iss2/5
Marriott Student Review is a student journal created and published as a project for the Writing for Business Communications course at Brigham Young University (BYU). The views expressed in Marriott Student Review are not necessarily endorsed by BYU or The Church of Jesus Christ of Latter-day Saints.