In Britain and Germany, competing bidders drove up the price of licenses to unprecedented levels.
Operators wanted to avoid a repeat of the 3G auction that Britain held in 2000, when bidders drove the price of licenses up to the point where companies like Vodafone were obliged to take big writedowns on the technology.
In fact, economically, a cap-and-trade system produces the same incentives to reduce pollution as a Pigovian tax, with the price of licenses effectively serving as a tax on pollution.
Striking truck drivers and the Greek police clashed Friday outside an oil refinery near the northern city of Salonika after trucker unions defied a government order to return to work and extended a five-day strike over plans to cut the price of licenses to own and operate trucks in an effort to open up their historically closed profession.
Mr. Davis, 36, made a $300 down payment on the minibus, leaving state officials to cover the remaining purchase costs, as well as the price of license plates, a registration title, legal fees and membership dues in the Atlantic City Jitney Association, said Frances M. Santoro, the economic development director for the State Casino Reinvestment Development Authority, which sponsored the program.
As driving oneself becomes more and more a pastime of the rich, the price of licenses, registration, insurance and gasoline will likely increase, further narrowing the user base - and political constituency - for traditional cars.
Patent holders can challenge a compulsory licence if they can prove that "the average price of the licensed drug or medical device is 25percentt or more of the average price of the equivalent patented product in Canada.
16 Within our model, we selected the price of only licensed 800 iu vitamin D formulations available for prescription in the UK.
The "Good Faith Clause" requires that the average price of the licensed drug be less than 25% of the equivalent patented brand name drug in Canada, otherwise the generic company will be subject to litigation from the patent holder.
The fees for shareware programs are typically much less than the price of commercially licensed software programs.
