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How Reasonable is the 'Reasonable' Royalty Rate? Damage Rules and Probabilistic Intellectual Property Rights
Choi, Jay Pil - 2021
This paper investigates how different damage rules in patent infringement cases shape competition when intellectual property rights are probabilistic. I develop a simple model of oligopolistic competition to compare two main liability doctrines that have been used in the US to assess...
Persistent link: https://www.econbiz.de/10013317488
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Patent Pools and Cross-Licensing in the Shadow of Patent Litigation
Choi, Jay Pil - 2021
Most patent pools are formed in the shadow of patent litigation as an attempt to settle disputes in regard to conflicting infringement claims and the validity of patents. To reflect this reality, I develop a simple framework to analyze the incentives to form a patent pool or engage in...
Persistent link: https://www.econbiz.de/10013319657
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Revisiting Antitrust Limits to Probabilistic Patent Disputes : Strategic Entry and Asymmetric Information
Chiou, Jing-Yuan; Schmidtke, Richard - 2012
We consider separately strategic entry and asymmetric information in the design of the settlement policy governing patent disputes, with a focus on Shapiro(2003)'s consumer protection rule. We show that, when a potential entrant strategically incurs an entry cost before engaging in a patent...
Persistent link: https://www.econbiz.de/10014210734
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Are Invisible Hands Good Hands? Moral Hazard, Competition, and the Second-Best in Health Care Markets
Gaynor, Martin; Haas-Wilson, Deborah; Vogt, William B. - 2000
The nature, and normative properties, of competition in health care markets has long been the subject of much debate. In this paper we consider what the optimal benchmark is in the presence of moral hazard effects on consumption due to health insurance. Intuitively, it seems that imperfect...
Persistent link: https://www.econbiz.de/10014149528
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World-Wide-Welfare : A Micro-Economic Analysis of the New Economy
Herings, P. Jean-Jacques; Schinkel, Maarten Pieter - 2011
In the wide and increasing attention for the so-called "new economy", two, not necessarily compatible, issues meet the eye. Firstly, most discussions apply macro-economic concepts, yet secondly their general gist is that the new economy demands new tools for analysis. In this paper, the existing...
Persistent link: https://www.econbiz.de/10014113426
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Bertrand Competition Without Completely Certain Production
Kimmel, Sheldon - 2002
Janssen and Rasmusen (2002) show that a Bertrand model with an uncertain number of firms has only one symmetric equilibrium, and profits in that equilibrium fit the empirical data in Bresnahan and Reiss (1991). However, unless its equilibrium is unique, Janssen and Rasmusen's model cannot be...
Persistent link: https://www.econbiz.de/10014117250
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Equilibrium Contingent Fees with Heterogeneous Attorneys
Santore, Rudy - 2005
This paper provides a signaling model to analyze the equilibrium fee structures arising when attorneys are heterogeneous with regard to unobservable ability. Unlike fixed fees, contingent fees are more profitable to attorneys who have a greater probability of winning, and thus may serve as an...
Persistent link: https://www.econbiz.de/10014063158
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A Framework for Analyzing Market Manipulation
Ledgerwood, Shaun D. - 2013
Market manipulation is a poorly understood phenomenon, due in part to legal standards that categorize manipulative … paper, we consider a third type of behavior that can trigger a manipulation – uneconomic trading. We demonstrate that … assist this process that describes price-based manipulation as an intentional act (the “trigger”) made to cause a directional …
Persistent link: https://www.econbiz.de/10013093577
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Sequential reporting bias
Aghamolla, Cyrus; Guttman, Ilan; Petrov, Evgeny - In: The accounting review : a publication of the American … 99 (2024) 5, pp. 1-33
Persistent link: https://www.econbiz.de/10015071398
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Information Acquisition and Portfolio Bias in a Dynamic World
Valchev, Rosen - 2017
While international portfolios are still heavily biased towards home assets, the home bias has exhibited a clear … understand the evolution of the home bias, this paper develops a dynamic model of information acquisition and portfolio choice … overall level of the home bias, its decline over time and the fact that the rise in foreign investment has been coordinated on …
Persistent link: https://www.econbiz.de/10012969157