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.

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Vassar Scholarship

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

Publication Date
2006-April-12
Document Type
working paper
Authors
Marco, Alan C.
Kieran J. Walsh
Department or Program
Economics Department
Document Type
Working Paper
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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Vassar Scholarship

Credibility and credulity: how beliefs about beliefs affect entry incentives

Publication Date
2006-November-13
Document Type
working paper
Authors
Kieran J. Walsh
Marco, Alan C.
Department or Program
Economics Department
Document Type
Working Paper
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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Vassar Scholarship

Political Regime and Corruption Control: Information Quality and an Optimal Mechanism

Publication Date
2015-January-01
Document Type
Senior Capstone Projects
Authors
Zhu, Zhengren
Department or Program
Economics Department
Document Type
Senior Capstone Project
Access Level
Vassar Only
Abstract

Different political regimes have principals that possess different in- formation regarding agents' behavior. This paper studies how this difference affects the comparative efficiency of corruption control between a democratic regime and an authoritarian regime. We ob- serve that such comparative...

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