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*#* Probablity of the plaintiff win is private information
Lanjouw Schankerman (2004) - Protecting Intellectual Property Rights (view source)
Revision as of 15:23, 22 June 2016
, 15:23, 22 June 2016→Model
** case goes to trial when one party is sufficiently optimistic about her case
# Asymmetric information(AI)
** An uninformed party makes an offer
** Trials arise in separating equilibria, thus a win rate for the informed party should tend to 100 percent.
