A model of patent infringement is developed to analyze the relationship between litigation and aspects of the legal … renewal model which explicitly incorporates the legal parameters of interest from the litigation game. Estimates of the …

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 …

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

The problem of establishing the amount of losses covered by public and private insurance is often characterized by … what insurance claims process, consistent with the form typically employed in existing insurance arrangements, is optimal. …

observables,' attributes of individual insurance buyers that are correlated both with subsequent claims experience and with … insurance demand but that insurance companies did not use to set insurance prices. Unlike the widely-used positive correlation … test for asymmetric information, which searches for a positive correlation between insurance demand and risk experience …

This paper presents new evidence on the importance of adverse selection in insurance markets. We use a unique data set …, consisting of all annuity policies sold by a large U.K. insurance company since the early 1980s, to analyze mortality differences … asymmetric information in insurance markets. We find no evidence of mortality differences, however, across annuities of different …

In this paper we explore the possibility that individuals may select insurance coverage in part based on their … anticipated behavioral response to the insurance contract. Such "selection on moral hazard" can have important implications for … firm, which contain information about health insurance options, choices, and subsequent claims. To identify the behavioral …

This paper investigates consumer switching costs in the context of health insurance markets, where adverse selection is … at a large firm where we also observe individual-level panel data on health insurance choices and medical claims. We … toward better decisions by reducing switching costs. This policy increases welfare in a naive setting where insurance plan …

This paper studies regulated health insurance markets known as exchanges, motivated by their inclusion in the … competitive insurance markets to predict outcomes under different regulations that govern insurers' ability to use health status …