Define efficient means of setting optimal patent life

Reference no: EM131908211

Question: We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restriction runs. For example, if my will stipulates that Blackacre should be used exclusively as a residence for 100 years, then I would have to make provision in my will to pay the state for each year that the restriction runs. In effect, the state deducts an annual fee from a bequest for a testator who desires to impose posthumous restrictions on property for a specified number of years. At what level would you set such a fee? Would it be the same for all types of conditions and all types of property? Is such a fee more efficient than the rule against perpetuities?

Reference no: EM131908211

Questions Cloud

Calculate the cr and aw values for the system : Lockheed Martin is increasing its booster thrust power in order to win. Calculate the CR and AW values for the system, if the corporate M ARR is 10% per year.

What is quarterly payment : You need to borrow $85,000 for a new car. The annual interest rate is 9%, compounded quarterly. You will be making quarterly payments for three years.

Calculate the indifference point for widgets and gadgets : Calculate the indifference point for widgets and gadgets and interpret the results.

How long are auditors given to finalize their audit : How long are auditors given to finalize their audit documentation following the audit report date? Once audit documentation is completed.

Define efficient means of setting optimal patent life : We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners.

Payback methods of evaluating capital projects : 1. Define and discuss, including their relative strengths and weaknesses, of the NPV, IRR and Payback methods of evaluating capital projects.

Compute the various ratios for each company : As loan analyst for Utrillo Bank, you have been presented the following information. Compute the various ratios for each company.

Discuss four limitations of ratio analysis : The dividend payout ratio is 60% and the Return on Equity is 15%. Determine whether the share is overvalued if the MPS is Sh.40.

Determine that the plaintiff was entitled to damages : The ship remained moored to the pier during the storm. The violence of the storm threw the steamship repeatedly against the plaintiff's pier.

User Account

All Pages