. We develop a model of patent litigation which predicts faster settlement agreements when patent rights are fragmented and … predicts that the impact of fragmentation on settlement duration should be smaller under CAFC. We confirm these predictions …-2000. Finally, we analyze how fragmentation affects total settlement delay, taking into account both reduction in duration per …

transactions should increase litigation risk. We identify a new source of gains from trade, comparative advantage in patent … enforcement, and show that transactions driven by this motive should reduce litigation. Using data on trade and litigation of … effect of trade on litigation. We find that taxes strongly affect patent transactions, and that reallocation of patent rights …

rely on the attorney’s recommendation. We show that under contingent fees there will generally be excessive litigation. In … contrast, an hourly fee implements the efficient amount of litigation. …

patent and litigation system. …