The proposition that the common law tends to evolve in the direction of economic efficiency has been advanced by Posner and others. This proposition implies that, over time, legal precedent [...]
State licensing boards perform the important government function of regulating professions, but there is a concern that these boards can be captured by interest groups and pursue private, anticompetitive ends. [...]
The movement toward increased regulation of the professions continues. As states impose new requirements, legal challenges will follow. This Article advocates that states use caution and restraint in evaluating the [...]
Between 1973 and 1980, the average sale price of a single-family house in the five-county Los Angeles area rose from $40,700 to $115,000, or by 183%. This increase not only [...]
The paper estimates a simultaneous equations model of housing price inflation 1975-1978 for a cross-section of 51 metropolitan areas...One of the major sources of inflation is shown to be a [...]
In many countries, including recently the United States, holders of patents must pay a renewal fee to keep their patents in force. If that fee is not paid in any [...]
Two points will be made: patents are not a constant-yardstick indicator of either inventive input or output; moreover, they are "produced" by a governmental agency, the U.S. Patent Office, that [...]
This paper examines the costs and benefits of occupational regulation. Over 800 occupations arc licensed by at least one of the fifty states. When properly designed and administered, occupational licensing [...]
In March 1990, Secretary Jack Kemp of the U.S. Department of Housing and Urban Development (HUD) appointed a 22-member commission to investigate the nature and extent of regulatory barriers to [...]
State medical licensure boards are widely, if dimly, perceived as the keepers of the gate of the medical profession. When patients or their advocates are aggrieved by physicians, they sometimes [...]