litigation costs and allow us to compute the pay-off matrix. We do not find evidence of a prisoner’s dilemma, given that the …

courts to examine the determinants of two salient adjudicatory outcomes: whether a case was resolved via trial or settlement … theory of litigation, we find that trial-based resolution is more likely when the case is complex and less likely when …

This paper examines the strategic effects of case preparation in litigation. Specifically, it shows how the pretrial … then makes a settlement offer. Overinvestment, or bluff, always prevails in equilibrium: with positive probability …

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

We extend the seminal Rothschild and Stiglitz (1976) model on competitive insurance markets with asymmetric information …

We examine how long-term life insurance contracts can be designed to incorporate uncertain future bequest needs. An … individual who buys a life insurance contract early in life is often uncertain about the future financial needs of his or her …. We derive two equivalent long-term life insurance contracts that are incentive compatible and achieve a higher welfare …

infringe on other firms’ patent portfolios. We investigate how litigation incentives for the holders of patent portfolios …

litigation by depriving potential licensees of the ability to selectively challenge patents and making them committed to a … proposition of all-or-nothing in patent litigation. We show that if patents are sufficiently weak, patent pools with complementary …

Most patent pools are formed in the shadow of patent litigation as an attempt to settle disputes in regard to …