The Patent Litigation Explosion
This Article provides the first look at patent litigation hazards for public firms during the 1980s and 1990s. Litigation is more likely when prospective plaintiffs acquire more patents, when firms [...]
A Spatial Look at Housing Boom and Bust Cycles
This chapter investigates spatial variations in prices over the boom-bust cycle of housing markets both within and across urban areas. It considers the role of a new supply proxy--commuting time--in [...]
The Evolving Importance of Banks and Securities Markets
This paper examines the evolving importance of banks and securities markets during the process of economic development. We find that as countries develop economically, (1) the size of both banks [...]
Securitization without risk transfer
We analyze asset-backed commercial paper conduits which played a central role in the early phase of the financial crisis of 2007-09. We document that commercial banks set up conduits to [...]
Financial Regulation Reform: Politics, Implementation and Alternatives
Anat Admati argues that the banking system is too fragile and inefficient, and that reform efforts have been flawed. The fragility of the system causes booms and busts, and busts [...]
Reforming Occupational Licensing in Alabama
Occupational licensing undermines consumer sovereignty and restricts occupational freedom in Alabama. Professional groups use the goal of protecting consumers from unqualified practitioners as cover to restrict access into the profession [...]
The Direct Costs from NPE Disputes
In the past, “non-practicing entities” (NPEs), popularly known as “patent trolls”, have helped small inventors profit from their inventions. Is this true today or, given the unprecedented levels of NPE [...]
Trolls and Other Patent Inventions: Economic History and the Patent Controversy in the Twenty-First Century
The most significant changes to the patent and innovation system in the past two centuries have been, or are in the process of being, implemented in the United States today. [...]
Benefits of Patent Jury Trials for Commercializing Innovation
The U.S. patent system has long depended on trials before lay judges and lay juries for adjudicating patent disputes. Many think that reliance on lay judges and juries is a [...]
Patents at Issue: The Data Behind the Patent Troll Debate
The debate over “patent trolls” is raging at full tilt and its fury is stoked by fundamental questions about patent assertion. Both sides are struggling to understand which patent assertion [...]