Combined with evidence that profit rates of return on pharmaceutical industry R&D investments tend to exceed risk-adjusted capital costs by only modest amounts, the pattern suggests that pharmaceutical industry R&D [...]
Since the 1950s, suburbia has represented middle-class success and the fulfillment of the “American dream.” More than three-quarters of America’s new population growth has occurred in the suburbs. Indeed, more [...]
This paper analyzes how foreign patent rights (FPRs) affect US exports, affiliate sales, and licenses. Our approach is distinctive in three ways. We apply ownership, location, and internalization concepts to [...]
Urban sprawl has surged to the forefront of local policy debate in Ohio. Concerns about the loss of open space, farm productivity, traffic congestion, and rising public-service costs have led [...]
As recently as the late 1960s, most licensure boards were composed of individuals appointed or nominated by medical societies. Only slowly did judicial supervision and legislative control transform licensure boards [...]
Policies of urban containment are widely used in land-use planning and as a means of reducing urban sprawl and of preserving farmland. This paper reviews the current state of knowledge [...]
State legislatures across the nation are considering statewide planning reforms to grapple with population and urban growth on the metropolitan fringe. Many of these efforts are driven by theoretical concepts [...]
Urban growth has emerged as a touchstone policy issue, particularly on the state and local levels, ushering in an unprecedented new wave of growth-management and growth-control legislation. More than a [...]
This paper presents a model of competition in the banking industry based upon the interplay of two factors: the level of capitalization of banks and their ability to monitor different [...]
Rising concerns about traffic congestion, loss of farmland, urban disinvestment, and the costs of public infrastructure have led an increasing number of state and local governments to adopt new policies [...]