April 30, 2010 by Virgil Cojocaru (IPilogue Editor)
Virgil Cojocaru is a JD candidate at Osgoode Hall Law School.
In a recent paper, Michael Jacobs and Alan Devlin discuss the debate in forcing monopolists to license their IP. By licensing their IP, monopolists would increase market innovation and create a competitive environment. However, these advantages come with a significant drawback. They can decrease the IP monopolists’ motivation to invent. Ultimately, this shows tension between the short term and long term. The advantages are short term gains, while the decreased incentive is a long term phenomenon.