Learning by Suing : Structural Estimates of Court Errors in Patent Litigation

  • Alan C. Marco
  • Published 2006
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 stock market reactions to patent litigation decisions. While court errors are inherently unobservable, the… CONTINUE READING