New directions in model predictive control MPC are introduced. On the one hand, we combine the input-to-state dynamical stability ISDS with MPC for single and interconnected systems. On the other hand, we introduceMPC schemes guaranteeing input-to-state stability ISS of single systems and networks with time delays. In both directions, recent results of the stability analysis from thementioned a...

This paper focuses on the class of legal rules that governs intellectual property rights: the antitrust limits imposed on patent settlements. The paper discusses the benefits and costs of settlements and explains why antitrust limits on settlements are needed to prevent abuse of the settlement process. It develops a general rule for evaluating proposed settlements. This paper explores a simple ...

We study identi…cation and estimation of a structural model of bargaining with optimism where players have heterogeneous beliefs about the …nal resolution of a dispute if they fail to reach an agreement. We show that the distribution of beliefs of both parties and the stochastic bargaining surplus are nonparametrically identi…ed from the probability of settlement and the distribution of transfe...

We introduce contingency fees into the Reinganum and Wilde (1986) signaling model of litigation. The effect of contingency fees on settlement depends upon the details of the contingency fee contract and the nature of the informational asymmetry assumed in the model. Introducing bifurcated fee contracts where the contingency percentage is higher at trial changes the selection of disputes at tria...

This Essay proceeds in four steps. Part I summarizes the quantitative evidence on the pattern of escalation and outcomes of more than 600 GATT/WTO disputes from 1948 through 1999. Part II elaborates on our theory of settlement bargaining within the context of an institution lacking enforcement power and shows how the hypotheses are consistent with the evidence introduced earlier. Part III discu...

We study how fragmentation of patent rights (‘patent thickets’) and the formation of the Court of Appeal for the Federal Circuit (CAFC) affected the duration of patent disputes, and thus the speed of technology diffusion through licensing. We develop a model of patent litigation which predicts faster settlement agreements when patent rights are fragmented and when there is less uncertainty abou...