Brokers continue to play a critical role in intermediating institutional stock market transactions. More than half of all institutional investor order flow is still executed by high-touch (non-electronic) brokers. Despite [...]
Pre-crisis estimates of the jumbo-conforming spread, utilizing a variety of methodologies, ranged from 10 to 25 basis points. In the post-crisis period, this spread has decreased and has been negative [...]
News and Commentary July's entry in EFF's "Stupid Patent of the Month" series is up! This particular stupid patent is owned by Anuwave LLC, and it covers technology that allows [...]
In four cases handed down between 2010 and 2014, the Supreme Court articulated a new two-step patent eligibility test that drastically reduced the scope of patent protection for software inventions. [...]
We’ve previously written about Contingent Convertible (CoCo) bonds as an alternative to traditional debt and a tool to increase financial stability. CoCos are instruments that, while essentially the same as [...]
Rents, in the economic sense, are above-normal profits that are usually attributed to some unfair market structure, often made possible through regressive regulations. In the case of copyright, there is [...]
News and Commentary Last month, the Senate Judiciary Committee marked up the "No Combination Drug Patents Act", aimed at rolling back drug "evergreening." Drug companies will often tinker with already [...]
News and Commentary Jenny Schuetz and Cecile Murry have a great post on the need for California to build more housing units...a lot of them. Not only are apartment buildings [...]
News and Commentary Andrew Yang wants to take a page from Arizona and Pennsylvania by increasing the probability of occupational licensing through broader recognition of out-of-state licenses. While he's not [...]
News and Commentary In an op-ed for The Hill, Laurence Kotlikoff of Boston University makes the comprehensive case for narrow banking. Much like a mutual fund, it is simply impossible [...]