This Week in Occupational Licensing, December 4th
News and Commentary Texas Governor Greg Abbott has sent an order to Texas licensing administrations to not only review the regulations associated with each agency, but to also reduce fees [...]
Producer prices in the legal services industry after the Great Recession
Following the 2008 financial crisis (which occurred during the Great Recession that began in December 2007), businesses and corporations experienced substantial difficulty in accessing credit required to maintain operations at [...]
This Week in Financial Regulation, December 3rd
News and Commentary A column from VoxEU examines the role of liquidity, as opposed to capital, requirements in macroprudential policy. While liquidity requirements are traditionally viewed in the context of [...]
This Week in Intellectual Property, December 2nd
News and Commentary Matthew Higbee is one of the many copyright trolls engaging in extortive behavior online. But this most recent case is rather interesting: he targeted a nonprofit that [...]
Waste in the US Health Care System: Estimated Costs and Potential for Savings
The United States spends more on health care than any other country, with costs approaching 18% of the gross domestic product (GDP). Prior studies estimated that approximately 30% of health [...]
Policy uncertainty and the maturity structure of corporate debt
This study examines the effect of policy uncertainty on corporate debt maturity structure. We find that elevated levels of policy uncertainty lead firms to shorten debt maturity, indicating that firms [...]
Does machine learning help us predict banking crises?
This paper compares the out-of-sample predictive performance of different early warning models for systemic banking crises using a sample of advanced economies covering the past 45 years. We compare a [...]
Is the CRA Still Relevant to Mortgage Lending?
Market share of conforming-size, home purchase mortgage originations has steadily and substantially shifted from banking institutions to nonbank lenders over recent years. In 2017, nonbanks originated more than 1.8 million [...]
Economic Perspectives on FRAND
The economic valuation of intellectual property is an area with which IP professionals still need to fully come to grips with. In the context of Standard Essential Patents (SEPs), the [...]
This Week in Land-Use Regulation, November 14th
News and Commentary Bernie Sanders, ever the enemy of Big-X, has repeated the popular claim that it is big tech that is responsible for the housing crisis in Silicon Valley. [...]