The purpose of this article is to propose a more accurate methodology and valuation as to the consumer welfare effect of reverse exclusionary settlements in the context of patent litigation cases between brand and generic pharmaceutical firms. In contrast to the FTC Findings that reverse...

The incentive to copy software depends on publishers' price and monitoring strategy. This paper analyzes how a publisher's strategy depends on the penalty for copyright violation and the cost of copying. It shows that changes in price and monitoring have qualitatively different effects on...

A patent challenger who defeats a patent wins spoils that it must share with the world, including all its competitors. This forced sharing undercuts an alleged infringer's incentive to stay in the fight to the finish - especially if the patent owner offers an attractive settlement. Too many...

I analyze the problem faced by an asymmetrically informed supra-national governmental authority (SNGA) with restricted funds that wishes to design an international environmental agreement (IEA) for less developed countries (LDCs). The SNGA can't contract directly with polluting firms in the...

In this paper, we present a model of implementation where infea- sible allocations are converted into feasible ones through a process of renego- tiation that is represented by a reversion function. We describe the maximal set of Social Choice Correspondences that can be implemented in Nash Equi-...

Copyright laws aim to protect intangible interests in the use of literary and artistic works to provide creators with an incentive to produce. The law rationalizes that by granting exclusive “property” rights in creative works, authors will be encouraged to produce works for the ultimate...

In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high valuation buyers to reveal their valuation of performance,...

The Department of Justice has long promised tangible benefits to companies that voluntarily disclose Foreign Corrupt Practices Act (FCPA) violations. Justice Department officials have promised that the enforcement of the FCPA is both fair and consistent. Despite these promises, critics question...