In a two-sided asymmetric information market, the role of the accuracy of consumers' imperfect and private information …- a higher precision of consumers' private information leads to higher levels of fraud and incidence of fraud, reducing … consumers' welfare. We provide conditions for the public revelation of consumers' private information to be a Pareto improvement. …

appropriating the value of information in a rights holder leads to the surprising conclusion that expanding the degree of control of … intellectual property rights will, in the long run, increase the sum total of information not subject to ownership claims and … claims that open information will grow according to the formula for compound interest, where the interest rate is 100% plus …