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*#* each party estimates the quality of her case with error*#* case goes to trial when one party is sufficiently optimistic about her case
*#* An uninformed party makes an offer*#* Trials arise in separating equilibria, thus a win rate for the informed party should tend to 100 percent.
Lanjouw Schankerman (2004) - Protecting Intellectual Property Rights (view source)
Revision as of 17:41, 2 September 2016
, 17:41, 2 September 2016no edit summary
* Two main models:
# Divergent expectation(DE)
# Asymmetric information(AI)
#* Probablity of the plaintiff win is private information
* They show that data strongly favors DE.
** Not controlled for selection
** Given any selection that occurs, is there any remaining association between patent and patentee characteristics and the outcomes? No.
[[Category: Internal]]
[[Internal Classification: Academic Paper| ]]
