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The optimal number of property right holders is inversely related to the cost of innovation and obsolescence rate.
Right holders only have to equal the high bid without engaging in the auction themselves.
Due to the asymmetric information problem, inter-temporal water allocation efficiency requires a water allocation institution that allows water right holders to store their allocated water.
For potential right holders, the most common mistake is to fail to specify what will happen if you choose to match a bid.
In those circumstances, that premium cannot be regarded as forming part of the appropriate remuneration which the right holders concerned must be ensured.
108 However, the specific subject-matter of the intellectual property does not guarantee the right holders concerned the opportunity to demand the highest possible remuneration.
Similar(12)
The simplest version gives the right holder the ability to act after potential competitors.
If the right holder refuses the price, she forfeits the chance to match other offers.
Third, you might bring some special value to the table that the right holder lacks.
Apple, the right holder, won.
It's a courtesy to rights holders".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com