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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?
illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances would the net welfare loss from an import quota exceed the net welfare loss from an equivalent tariff
develop a three page analysis excluding the title and reference pages on the projected return on investment for your
suppose that there are two countries x and y that differ in both their rates of investment and their population growth
National income and product data are generally revised. What effects would the following revisions have on consumption,investment, government purchases, net exports and GDP
answer the next questions parts a and b on the basis of the following cost data for a firm operating in pure
Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher payoff?
Could a future advance in technology allow production beyond the current possibilities curve Could international trade allow a country to consume beyond its current possibilities curve Is production at a point outside the production possibilities c..
Suppose your college charges you separately for tuition and for room and board. then what is a cost of attending college that is not an opportunity cost.
what are the uses of money? how do commercial banks and federal reserve banks create money? is monetary policy
determine the present worth of 5 annual deposits of 1200 at the end of years 1 through 5 followed by 4 equal annual
A family decides to save for the college education of their kindegradener starting with her 6th birthday. They would ilike to have $40,000.00 at her 19th birthday.
Which graph best illustrates the market for typewriters after technological advances in computerized word-processing software occur - different markets with changes in either the supply curve or the demand curve.
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