certifier can enable the seller to disclose her private information publicly, as well as gather additional market information …-maximal information-gathering. Thus, optimal contracts eliminate private information but not market uncertainty; even though the latter … would be costless, it is suboptimal as it requires excessive information rents to the seller. Thus, market inefficiencies …

mechanisms are often employed to extract the information on companies' abilities and to allocate licenses efficiently. However …

mechanisms are often employed to extract the information on companies’ abilities and to allocate licenses efficiently. However …