This paper investigates the effect of the threat and occurrence of patent litigation on the private value of patent …

: advantages in settlement are exercised quickly, before extensive legal proceedings consume both court and firm resources. But it … resolution of their suits. However, our estimates of the heterogeneity in litigation risk can facilitate development of private … patent litigation to mitigate this adverse effect of high enforcement costs …

. 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 …

This paper examines the choice of tools for managing a firm’s operational risks: cash reserves, insurance contracts … underinvestment, and improves welfare. I show that insurance is superior as it facilitates the outside financing relationship but … leads to inefficient excessive continuation if used without coverage limits. When insurance against an operational risk is …

against failing in the task and also less inclined to buy travel insurance. This suggests intrinsic optimism influences … insurance demand and diminishes adverse selection …

avoid patent litigation. In this paper I study the previously neglected dynamic trade-off between litigating and cross … "persuasive litigation". Using a novel dataset on the US semiconductor industry I obtain empirical results consistent with those … debated patent litigation reform. …