Asymmetric information is an important phenomenon in insurance markets, but the empirical evidence on the extent of … crucial to test for asymmetric information in specific insurance markets. In this paper, we analyse a recent data set on … automobile insurance in Germany, the largest such market in Europe. We present and compare a variety of statistical testing …

In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that … insurance market individual application of classification schemes induces welfare losses due to cream skimming. Classification …

incongruity. Plainti ffs on average profi t from litigation while defendants agreeing up on a settlement deal lose as much as …I analyse how patent litigation outcome in Germany a ffects the performance of the disputing fi rms by interpreting … on the functioning of the bifurcated German patent litigation system. The separation of litigation and invalidity …

The aim of this study is to elucidate whether arbitration offers advantages compared to the patent litigation system … litigation system are presented, i.e. the economic importance of the German market and its impact on litigation, the remedy of … revocation proceedings. This account is followed by a comparison of arbitration and litigation in Germany in the light of the …

profit from litigation while defendants agreeing upon a settlement deal lose as much as defendants losing in trial. I further …I analyse how patent litigation outcome in Germany affects the performance of the disputing firms by interpreting … the functioning of the bifurcated German patent litigation system: The separation of litigation and invalidity decisions …

% of all patent litigation cases in Germany between 2000 and 2008 we estimate the likelihood of within-trial settlement. We … the case. -- Patent ; Patent Litigation ; Settlement …This paper looks at the decision to settle patent litigation in Germany from a new angle by focusing on detailed data …