This Week in Occupational Licensing, June 19th
News and Commentary Law360 has a profile of lawyers and judges who skipped law school and instead were able to take the bar after a few years of apprenticeship. Aspiring [...]
This Week in Financial Regulation, June 18th
News and Commentary Stephen Matteo Miller has the second and third part of his series on the number of banks and bank concentration up at the Mercatus Center. The second [...]
This Week in Intellectual Property, June 17th
News and Commentary The Copyright Alternative in Small-Claims Enforcement (CASE) Act would establish a small-claims court in the U.S. Copyright Office as an alternative for traditional copyright infringement claims. While [...]
Copyright and Creativity: Evidence from Italian Operas
This paper exploits variation in the adoption of copyright laws – due to idiosyncratic variation in the timing of Napoléon’s military victories – to investigate the causal effects of copyright [...]
This Week in Land-Use Regulation, June 13th
News and Commentary Presidential Candidate Cory Booker came out with a revised housing plan. Included in his plan is a renter tax credit, a "baby bond" to help new families [...]
This Week in Occupational Licensing, June 12th
News and Commentary The New Jersey Senate health committee just approved a bill that would allow advanced practice nurses to prescribe medication without supervision from a physician. Physician groups are [...]
This Week in Financial Regulation, June 11th
News and Commentary Niskanen's very own Samuel Hammond critiques the report from Senator Marco Rubio on perils of financialization in the U.S. economy. While Hammond agrees that large companies functioning [...]
Corporate bond clawbacks as contingent capital for banks
We propose a contingent clawback bond (COCLA) as an alternative source of contingent convertible capital (CoCo). We develop a utility maximization model in which a bank manager faces the following [...]
Macroprudential Policy: What We’ve Learned, Don’t Know, and Need to Do
Over the last decade, macroprudential policy has made important advances and become more widely used. We have a better understanding of its goals and tools, and are accumulating evidence that [...]
This Week in Intellectual Property, June 10th
News and Commentary The first two of three hearings on the Tillis/Coons Section 101 reform were held last week. You can see the first hearing here, and the second here. [...]