Changes

Outline a model which would shed light on self-regulation, including answers to the above questions. You should be specific about the model structure (e.g. players, preferences, game form, information, and so on) and justify why the model is an appropriate one for studying self-regulation. In addition, discuss what you believe the equilibrium to the model would be. Finally, discuss the predictions and insights which would be generated from your model. Note: you do not need to solve the model; simply discuss the proposition(s) you expect that could be derived and the intuition(s) behind it (them).

On April 30, 2007, the US Supreme Court issued a decision that has been widely interpreted as raising the level of "nonobviousness" required to obtain a patent, thereby making patents "harder to obtain and defend," according to the New York Times (5/1/07).