David Teece on Compulsory Licenses

Competition Policy International View Original Source

ICLE Academic Affiliate David Teece was cited in an article by Competition Policy International about the history of compulsory licenses. You can read the full piece here.

Economists like Peter Grindley and David Teece have lauded this remedy, citing it as a catalyst for economic growth and innovation. Intel’s co-founder Gordon Moore echoed this sentiment, recognizing the decree’s significance for the semiconductor industry. Notably, AT&T’s acceptance of the compulsory license remedy was a means to resolve the DOJ’s antitrust probe initiated in 1949—a testament to the collaborative nature of consent decrees, often shaped by input from investigated parties who have inadvertently shaped the market accused of monopolization.