Game Theory and the reasons for filing Lawsuits
ACKNOWLEDGMENT-
It is a great opportunity for us to write in an interesting topic titled “Game Theory and Law: A study of the reason for filing Suits”. At the time of preparing this term paper we have gone through different books and websites which helped us to get acquainted with new topics. We are actually focusing on those topics which are important for us to understand about this subject easily.
We would like to thank Dr. Bimal Patel for giving acknowledge with gratitude to Professor Dr Ranita Nagar and Hitesh Thakkar, my respective teachers, who have always been sincere and helpful in making me understanding the different concepts of the relation between law and economics and importance of intellectual property rights.
Apart from me this paper will certainly be immense importance for those who are interesting to know about law and economics. We hope it will be comprehensible.
We have tried hard and soul to gather all relevant documents regarding this subject. We don’t know far we are able to do that. Furthermore we don’t claim all the information in this term paper is included perfectly. There may be shortcoming, factual error, mistaken opinion which are all mine and we are responsible for those but we will try to give a better volume in future
ABSTRACT
Game Theory analysis the two or more parties, who interact with each other and choose strategies and policies in the same manner. For example Government, law and firms. The basic element of Game Theory includes players who determine their different actions and strategies to tackle market and other firm of same sector. The new element is payoff table of a game which shows different strategic options for firm to apply and the effect on them. The answer why to choose game theory is to determine their own goal and to determine their opponent’s goal because any firm while active in market cannot deny other side because their decision may collude with the firm’s goal. While playing game in the field
It is a great opportunity for us to write in an interesting topic titled “Game Theory and Law: A study of the reason for filing Suits”. At the time of preparing this term paper we have gone through different books and websites which helped us to get acquainted with new topics. We are actually focusing on those topics which are important for us to understand about this subject easily.
We would like to thank Dr. Bimal Patel for giving acknowledge with gratitude to Professor Dr Ranita Nagar and Hitesh Thakkar, my respective teachers, who have always been sincere and helpful in making me understanding the different concepts of the relation between law and economics and importance of intellectual property rights.
Apart from me this paper will certainly be immense importance for those who are interesting to know about law and economics. We hope it will be comprehensible.
We have tried hard and soul to gather all relevant documents regarding this subject. We don’t know far we are able to do that. Furthermore we don’t claim all the information in this term paper is included perfectly. There may be shortcoming, factual error, mistaken opinion which are all mine and we are responsible for those but we will try to give a better volume in future
ABSTRACT
Game Theory analysis the two or more parties, who interact with each other and choose strategies and policies in the same manner. For example Government, law and firms. The basic element of Game Theory includes players who determine their different actions and strategies to tackle market and other firm of same sector. The new element is payoff table of a game which shows different strategic options for firm to apply and the effect on them. The answer why to choose game theory is to determine their own goal and to determine their opponent’s goal because any firm while active in market cannot deny other side because their decision may collude with the firm’s goal. While playing game in the field