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An indivisible good is an ideal type with interesting properties and strong implications about public policy. It is a good - such as a heart transplant or a treatment for AIDS - that must be consumed in a fixed amount or not at all. The community's demand curve for an indivisible good is a...
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analyzes whether there might be disagreement between rich and poor consumers about the optimal patent policy. In equilibrium …
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worth bearing when patent protection is required as an incentive to invention. The newly-invented good generates a residual … a patent is to concentrate the entire benefit of the patented good upon the rich, leaving the poor no better off than if …
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