Is the Market for Ideas a Market for Lemons?
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| Academic Paper | |
|---|---|
| Title | Is the Market for Ideas a Market for Lemons? |
| Author | Ed Egan |
| Status | Idea |
| © edegan.com, 2016 | |
Summary
Rational ignorance at the patent office can only be efficient if there is no market for ideas. If patents are sold then, as their is an information asymmetry between the inventor (or current user) and a purchaser, we expect a market for lemons.
Data:
- Patent data with Assignment Data: Redesigning Patent Database
- Patent litigation data: Lex Machina
