Robert Merges Says Patent Auctions Protect Inventors, Quicken Innovation

The New York Times, September 20, 2009 by Steve Lohr
http://www.nytimes.com/2009/09/21/technology/21patent.html

Any market mechanisms that speed up the process of figuring out what a patent is worth should hasten the flow of ideas into the economy, accelerating the pace of innovation, policy experts say. “What you want is a market that can promote innovation and reduce the huge costs of litigation,” said Robert P. Merges…. “And that market is starting to take shape.”