Vassar College Digital Library

Vassar Scholarship

Vassar Scholarship, the institutional repository formerly known as Digital Window, reflects the research and scholarly output of the Vassar College community.  It provides access to a variety of collections, including senior theses and projects across a wide range of disciplines.

Bargaining in the shadow of precedent: the surprising irrelevance of asymmetric stakes

Publication Date
2006-April-12
Document Type
Department or Program
Document Type
Abstract

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)...

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Budget-Constrained Dynamics in Multiagent Systems

Publication Date
2017-January-01
Document Type
Department or Program
Document Type
Abstract

The paper introduces a notion of a budget-constrained multiagent transition system that associates two financial parameters with each transition: a pre-transition minimal budget requirement and a post-transition profit. The paper proposes a new modal language for reasoning about such a...

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Credibility and credulity: how beliefs about beliefs affect entry incentives

Publication Date
2006-November-13
Document Type
Department or Program
Document Type
Abstract

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...

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