This study investigates a novel phenomenon in the market for technology: online marketplaces for technological inventions. Specifically, we explore the impact of an industry's characteristics on the likelihood that it will be served by this novel institution. To that end, we construct a...

The market for knowledge grew dramatically over the past decades. Extant work underscores the factors shaping market efficacy: (a) the cost of searching for innovative knowledge, (b) asymmetric-information between inventors and investors, and (c) the inherent difficulty in maintaining ownership...