Optimal patent life vs optimal patentability standards

Article Abstract:

The determination of patent life and patent standards are two different components of the patent system. Patent life depends on market forces particularly on demand for patented and non-patented goods while standards reflect the supply aspect of inventions, showing the amount of investment that determines patent qualification. When the degree of technological work that goes into the development of innovations is high, specifying patent standards is more efficient than specifying patent life.

Patents

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Regulation, competition and the optimal recovery of stranded costs

Article Abstract:

A model is developed of socially optimal level of stranded cost recovery for a regulated firm facing the prospect of competition for its services. The most important generalizations emerge from the analysis is that under reasonable assumptions full recovery of a firm's costs that are stranded by competition is not generally socially optimal.

Cost benefit analysis, Cost (Economics), Costs (Economics), Structural optimization

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