Direct public support for business R&D is a well-established remedy to market failures, yet empirical evidence on its effectiveness yields conflicting results. The paper investigates the impact of the first [...]
News and Commentary Joseph Parilla and Sifan Liu write in a blog post for the Brookings Institution about varying levels of relief that the Paycheck Protection Program (PPP) is having [...]
News and Commentary Jesse Paul writes in The Colorado Sun about how Gov. Jared Polis (D-CO) recently vetoed a bill that would have continued Colorado's regulation of private investigators. Gov. [...]
We show that occupational licensing has significant negative effects on labor market fluidity defined as cross-occupation mobility. Using a balanced panel of workers constructed from the CPS and SIPP data, [...]
News and Commentary Zachary Warmbrodt writes in Politico about the ongoing debate about whether the Federal Reserve should be required to factor in the costs of climate change risk into [...]
We analyze the determinants and the long-run consequences of government interventions in the eurozone banking sector during the 2008/09 financial crisis. Using a novel and comprehensive dataset, we document that [...]
Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct legal entities and across a range of geographies. While such complexity raises the costs [...]
Creativity and innovation are flourishing in the entertainment industries. But the growing threat of streaming piracy presents a major challenge to the continued vitality of legitimate online video services like [...]
The pharmaceutical industry is facing substantial criticism from many directions, including financial barriers to access to drugs in both developed and developing countries, high profits, spending on advertising and marketing, [...]
Delays in market entry of generic drugs are common. This study sought to identify the prevalence of delayed entry, the reasons for the delays, and the delays’ effects on Medicaid [...]