Innovation Fertility and Patent Design
It may be advantageous to provide a variety of kinds of patent protection to heterogenous innovations. Innovations which benefit society largely through their use as building blocks to future inventions [...]
“Urban Sprawl” and the Michigan Landscape: A Market-Oriented Approach
Local and state government officials and environmental activists use the term to create images of disorder, chaos, and irrational decision making about land use by Michigan’s private landowners. These officials [...]
A Line in the Land: Urban-growth Boundaries, Smart Growth, and Housing Affordability
More than 100 cities and counties have adopted some form of a growth boundary—a limit on land development beyond a politically designated area—to curb sprawl, protect open space, or encourage [...]
Urban-Growth Boundaries and Housing Affordability: Lessons from Portland
Urban-growth boundaries are emerging as one of the most popular growth-management tools in the fight against suburbanization. More than 100 cities and counties have adopted them, and statewide mandates for [...]
The Effects of Local Growth Controls on Regional Housing Production and Population Redistribution in California
Based on two surveys of 490 Californian cities and counties, the study examines the effects of local growth-control enactment between 1979 and 1988 on net housing construction between 1980 and [...]
Liquidity Risk, Liquidity Creation and Financial Regulation: A Theory of Banking
Both investors and borrowers are concerned about liquidity. Investors desire liquidity because they are uncertain about when they will want to eliminate their holding of a financial asset. Borrowers are [...]
Shaken and Stirred: Explaining Growth Volatility
This paper attempts to set forth a framework for thinking about growth volatility which is general enough to incorporate the important structural, institutional, and policy variations among countries which might [...]
Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)
Based on a survey questionnaire administered to 1478 R&D labs in the U.S. manufacturing sector in 1994, we find that firms typically protect the profits due to invention with a [...]
Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)
Based on a survey questionnaire administered to 1478 R&D labs in the U.S. manufacturing sector in 1994, we find that firms typically protect the profits due to invention with a [...]
Cross-national price differences for pharmaceuticals: how large, and why?
Bilateral drug price and quantity indexes, based on comprehensive data for seven countries (US, Canada, France, Germany, Italy, Japan and the UK), refute the conventional wisdom that US drug prices [...]