Renewal-fee system for determination of optimal patent life

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Reference no: EM131908256

Question: One possible pitfall of the renewal-fee system for determination of optimal patent life is that, ideally, we want the patent-holder to compare the renewal fee with the social benefit of continuing the patent for another year, not just the private benefit. Can you suggest how, in setting the annual renewal fee, we might induce patent-holders to make the appropriate social calculation?

Reference no: EM131908256

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