Technology acquirers face significant information asymmetry when identifying appropriate acquisition targets. Employing plausibly exogenous variation in technological information gathering costs caused by staggered openings of patent libraries, we find that firms become more active in...

Generally, a critical issue regarding the online platform is that customers can’t fully perceive the product quality at purchase. Especially when the brand manufacturer only authorizes a third-party reseller to sell through the platform, which may provide an opportunity for counterfeiters. To...