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That's all true, but it still doesn't follow that patents themselves prevent competition on cost. For example, if a non-practicing patent holder licensed their
by jcl 12y ago
That's all true, but it still doesn't follow that patents themselves prevent competition on cost. For example, if a non-practicing patent holder licensed their patent to all interested parties, then the licensees must also compete on cost. So far as I can tell, patents were explicitly designed to allow that scenario, among others.
- jasonisalive 12y agoThe licenser is afforded the freedom to sell licenses at whatever price they choose, because they have a monopoly on the IP which is being licensed.