Two separate branches of research have shown the empirical benefits of nonlinearities in macroeconomic models and bounded rationality, respectively. This paper bridges these literatures by developing a methodology for estimating DSGE models when expectations are formed by adaptive learning...

This paper discusses a method for evaluating the competitive effects of reverse payments in the wake of the Supreme Court's Opinion in Actavis. Specifically, we demonstrate a method for evaluating actual reverse payments against a “maximum-efficient-reverse-payment” criterion under both...