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Legal Monopoly : Patents and Antitrust Litigation in U.S. Manufacturing, 1970-1998

Khan, B. Zorina - 2022

This paper presents an empirical analysis of the relationship between patenting, innovation, and federal antitrust enforcement towards firms in the manufacturing sector. I examine whether the likelihood of antitrust litigation is influenced by patent histories and R&D expenditures, after...

Persistent link: https://www.econbiz.de/10013323461

Banks’ Internal Capital Markets and Deposit Rates

Ben-David, Itzhak - 2015

A common view is that deposit rates are determined primarily by supply: depositors require higher deposit rates from risky banks, thereby creating market discipline. An alternative perspective is that market discipline is limited (e.g., due to deposit insurance and/or enhanced capital...

Persistent link: https://www.econbiz.de/10013016009

The International Transmission of Credit Bubbles : Theory and Policy

Ventura, Jaume - 2015

environment is conducive to countries experiencing credit bubbles that have large macroeconomic effects at home and are quickly … propagated abroad. In previous work, we built on the theory of rational bubbles to develop a framework to think about the origins … and domestic effects of these credit bubbles. This paper extends that framework to two-country setting and studies the …

Persistent link: https://www.econbiz.de/10013028542

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

Blanchard, Olivier - 2015

currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising … output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …

Persistent link: https://www.econbiz.de/10013013930

Endogenous Horizontal Product Differentiation Under Bertrand and Cournot Competition : Revisiting the Bertrand Paradox

Brander, James A. - 2015

This paper provides a new and simple model of endogenous horizontal product differentiation based on a standard demand structure derived from quadratic utility. One objective of the paper is to explain the “empirical Bertrand paradox” – the failure to observe homogeneous product Bertrand...

Persistent link: https://www.econbiz.de/10013027279

Liquidation Values and the Credibility of Financial Contract Renegotiation : Evidence from U.S. Airlines

Benmelech, Efraim - 2008

;apos; theory of financial contracting predicts that liquidation values determine the allocation of bargaining power between …

Persistent link: https://www.econbiz.de/10012771713

Trial and Settlement : A Study of High-Low Agreements

Prescott, J.J. - 2014

This paper presents the first systematic theoretical and empirical study of high-low agreements in civil litigation. A high-low agreement is a private contract that, if signed by litigants before the conclusion of a trial, constrains any plaintiff recovery to a specified range. Whereas existing...

Persistent link: https://www.econbiz.de/10013057416

A Note on Optimal Public Enforcement with Settlements and Litigation Costs

Polinsky, Alan Mitchell; Rubinfeld, Daniel L. - 2021

This note reexamines the theory of optimal public enforcement when litigation costs are incurred if the defendant is …

Persistent link: https://www.econbiz.de/10013233764

The Effect of offer-of-Settlement Rules on the Terms of Settlement

Bebchuk, Lucian A.; Chang, Howard F. - 2022

Under an offer of settlement' rule, a party to a lawsuit may make a special offer to settle with the other party, such that if the other party rejects this offer, then this offer (unlike an ordinary offer) becomes part of the record in the case and may affect the allocation of litigation costs....

Persistent link: https://www.econbiz.de/10013324061

Negative Expected Value Suits

Bebchuk, Lucian A. - 2021

When the cost of a suit exceeds the expected judgment, will a potential plaintiff be able to extract any amount in settlement from the defendant? If so, what is the source of the plaintiff's ability to extract a settlement? This essay discusses existing theories as to why (and when) plaintiffs...

Persistent link: https://www.econbiz.de/10013240952