Vassar Scholarship

We develop a model of bargaining and litigation in the context of patent licensing (or any contractual setting). Following Priest and Klein (1984) we developed a model that explicitly allows for (1) multiple parties (leading to asymmetry of stakes), (2)...

In rural regions, trained volunteer firefighters and medics provide emergency services, often with considerable personal risk and without financial reward. However, these Volunteers exhibit two different latent orientations: firefighters are more localistic in their outlook than medical volunteers. These latent...

In this note we investigate the infringement (entry) decision for a firm facing an incumbent patent holder with uncertain patent rights. The entrant risks a dispute by entering, resulting in either a settlement (licensing) or litigation and trial. Using the...

In June 2005, the Supreme Court made one of its least popular decisions in recent history. In Kelo v. New London, the Court missed a simple point: that local decision makers make local decisions.

This paper presents structural estimates of the probability of validity, and the probability of Type I and Type II errors by courts in patent litigation. Patents are modeled as uncertain property rights, and implications of the model are tested using...

This paper merges patent citation data with data on pharmaceutical patent expirations, generic entry, and pricing to explore the effects of observable patent characteristics on off-patent and on-patnet pharmaceutical pricing. Using a sample of drug patents facing generic entry in...

The decision whether or not to work for a temporary agency was examined using a 1990 cross-section survey of Illinois registered nurses and a model which corrects for the simultaneity between agency choice and wages (and benefits). Conditional on having...

The use of patent citations as a measure of patent "quality" increased dramatically in recent years. I estimate the hazard of patent citation, and find evidence of unobserved heterogeneity. Hazard estimation provides a means to separate patent quality from citation...

Do temporary nursing agencies cause labor supply to nursing to be greater or less than it otherwise would be? Using cross-section survey data from 1984, 1988, and 1992, this question is examined within a nine-equation system capable of estimating hours...

In this paper I present a real options model of patent litigation when patents are not perfectly enforceable. I consider both finite horizon and infinite horizon models. The theoretical results demonstrate that patent value depends not only on the underlying...

This article reports on theoretical and empirical research that explored the hypothesis that there is a sexual division of leadership in volunteer emergency medical service (EMS) squads. This hypothesis was tested against survey data obtained from 216 current members of...

A model incorporating a discrete full-time/part-time/do not work labor choice and decomposing labor supply into its full-time and part-time components was used to examine the increase in labor supplied by nurses (the increase per nurse on average) over the 1977-88...

Using a sample of patents litigated between 1977 and 1997, I estimate stock market reactions to patent litigation decisions and to patent grants. I find that the resolution of uncertainty over validity and infringement is worth as much to the...

A behavioral model is developed to explain the magnitude of surplus and the division of surplus into unproductive and profit for oligopoly firms in the manufacturing sector of advanced capitalist economies. Particular attention is focused upon the determinants of interfirm...

This research compares the personal, household, and professional characteristics volunteer emergency medical service (EMS) providers in Ulster County, NY with those of the general population of this rural upstate county, using a survey instrument implemented by the author in conjunction...

This article explores the multifaceted relationship between volunteer fire companies and their communities by examining a broad range of socioeconomic characteristics of volunteer fire fighters and general residents in rural New York State. The two data sets are generated by...