Land Use Politics, Housing Costs, and Segregation in California Cities
California cities have some of the highest housing prices in the United States, but most of the state’s urbanized land is set aside for the least efficient uses. Using data [...]
How Do Foreclosures Exacerbate Housing Downturns?
This paper uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing bust and to analyze foreclosure mitigation policy. We consider a dynamic [...]
Fair Use and Its Politics – At Home and Abroad
The manuscript explores how U.S. fair use – a “standard” in a world of statutory copyright rules – has become an arena of ideological struggle over IP policy. At the [...]
Policy Levers in Patent Law
The patent statute creates a general set of legal rules that govern a wide variety of technologies. With only a few exceptions, the statute does not distinguish between different technologies [...]
Copyright and Distributive Justice
Is our copyright system basically fair? Does it exacerbate or ameliorate the skewed distribution of wealth in our society? Does it do anything at all for disempowered people, people at [...]
The Effects of Competition in Consumer Credit Market
This paper finds that banks and non-banks respond differently to increased competition in consumer credit markets. Increased competition and the greater threat of failure induces banks to specialize more in [...]
The Basics Matter: At the Periphery of Intellectual Property
Controversies often arise at the interfaces where intellectual property ("IP") law meets other topics in law and economics, such as property law, contract law, and antitrust law. Participants in the [...]
Deposit Market Power, Funding Stability and Long-Term Credit
This paper shows that banks raising deposits in more concentrated markets have more funding stability, which enhances banks’ ability to extend longer-maturity loans. We show that banks raising deposits in [...]
The Football as Intellectual Property Object
The histories of technology and culture are filled with innovations that emerged and took root by being shared widely, only to be succeeded by eras of growth framed by intellectual [...]
Valuing Intellectual Property: An Experiment
In this article we report on the results of an experiment we performed to determine whether transactions in intellectual property (IP) are subject to the valuation anomalies commonly referred to [...]