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filename={Protecting Intellectual Property Rights}

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*# Does this work?

*Ok

==Abstract==

* Two main models:

# Divergent expectation(DE)

*#* each party estimates the quality of her case with error*#* case goes to trial when one party is sufficiently optimistic about her case

# Asymmetric information(AI)

#* Probablity of the plaintiff win is private information

*#* An uninformed party makes an offer*#* Trials arise in separating equilibria, thus a win rate for the informed party should tend to 100 percent.

* 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| ]]

619

edits

Lanjouw Schankerman (2004) - Protecting Intellectual Property Rights (view source)