Knocking on Parents’ Doors: Regulation and Intergenerational Mobility
The paper looks at whether the propensity of young people to follow the same career path as one of their parents is driven by privileges of position arising from regulation [...]
Are Higher Capital Requirements Worth It?
The studies I have reviewed suggest that for every 1 percent increase in capital minimums, lending rates will rise by 5 to 15 basis points and economic output will fall [...]
Do Heightened Quality Incentives Improve the Quality of Patentability Decisions? An Analysis of Trend Divergences During the Signatory Authority Review Program
This Article analyzes divergences in decisionmaking trends while examiners undergo the Signatory Authority Review Program (the “Program”). The Program is the process by which examiners are promoted to the position [...]
A Quantitative Analysis of Countercyclical Capital Buffers
What are the quantitative effects of countercyclical capital buffers (CCyB)? I study this question in the context of a nonlinear DSGE model with a financial sector that is subject to [...]
Are Patents and Copyrights Morally Justified? The Philosophy of Property Rights and Ideal Objects
Discusses the moral and ethical aspects of intellectual property rights. Philosophical concept of intellectual property; Arguments in support of intellectual property; Necessity of property for the development of the personality; [...]
Restoring the Natural Law: Copyright as Labor and Possession
This Article advocates the restoration of the natural law to our copyright jurisprudence. Although eighteenth and nineteenth century thinkers were keenly aware of copyright's natural law dimensions, modern copyright jurisprudence [...]
When are IP Rights Necessary? Evidence from Innovation in IP’s Negative Space
The law and economics of intellectual property has long rested on a foundational, if implicit, premise: that IP law is best understood by studying how legal rules operate in actual [...]
Copyright and Generic Entry in Book Publishing
Taking works off copyright promotes their availability, but it also allows generic entry to dissipate producer surplus. This paper examines the effect of a copyright on the availability and price [...]
Sequential Innovation, Patents, and Imitation
We argue that when innovation is “sequential” (so that each successive invention builds in an essential way on its predecessors) and “complementary” (so that each potential innovator takes a different [...]
Why Libertarians Shouldn’t Be (Too) Skeptical About Intellectual Property
Libertarians are inclined to view property as best dealt with through contract. They are hostile to IP rights in general, and copyright and patent rights in particular, because these aren't [...]