Our study proposes a novel mechanism to reduce information asymmetry about product quality between buyers and sellers. Product testing organizations like Consumer Reports (US) and Stiftung Warentest (Germany) seek to reduce this asymmetry by providing credible information. However, limited...

Recent work suggests that Patent Assertion Entities (PAEs) — or “patent trolls” — are a new form of financial intermediary. According to this view, individual patent holders are unable to contract with large manufacturers because they lack the financial resources necessary to litigate...

The Court of Appeals for the Federal Circuit has nearly eliminated the common law experimental use exemption to patent infringement under which patent subject matter can be used for research purposes. In doing so, the court has retarded innovation, competition and consumer welfare. This paper...

Using quality information for analysis, or staying with just quantity based information is always a good base for debate: Either relying on quantitative measurements and data (which is sad to be more accurate and easier to rely on) or use quantitative measurements (which is sad to be human /...