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Digitopoly

Digitopoly

Competition in the Digital Age

Tag: Patents

Posted on September 17, 2011

Smart phone patents and platform wars

Firms in the smartphone market have been suing one another over patent violations. I cannot recall any other platform war that involved as many intellectual property disputes. Look, society grants patents as part of trade-off. A patent enhances the incentives to generate new invention by giving the inventor a temporary monopoly. That trade-off should never …

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