New Approaches to Affordable Housing
Housing has long been one of the staples of American society and the United States’ economic prowess has afforded its citizens an abundance of safe and decent housing. The national [...]
Comparing Wealth Effects: The Stock Market versus the Housing Market
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past [...]
When Push Comes to Shove: A Hype-Free Guide to Evaluating Technical Solutions to Copyright Infringement on Campus Networks
For years, university administrators have faced a growing challenge: fighting copyright infringement on campus networks. Confronting this challenge has not been easy and neither has choosing the right tool for [...]
Doctors without Borders? Relicensing Requirements and Negative Selection in the Market for Physicians
Relicensing requirements for professionals who move across borders are widespread. In this article, we measure the effects of occupational licensing by exploiting an immigrant physician retraining assignment rule. Instrumental variables [...]
Do Formal Intellectual Property Rights Hinder the Free Flow of Scientific Knowledge? An Empirical Test of the Anti-Commons Hypothesis
While the potential for intellectual property rights to inhibit the diffusion of scientific knowledge is at the heart of several contemporary policy debates, evidence for the “anti-commons effect” has been [...]
Why Do We Have Urban Density Controls?
Almost all urban land use controls reduce permitted densities. This article analyzes restrictions on residential densities in a conventional model of density–distance functions. Density controls force development to extend farther [...]
Job Creation and Housing Construction: Constraints on Metropolitan Area Employment Growth
Differences in the supply of housing generate substantial variation in housing prices across the United States. Because housing prices influence migration, the elasticity of housing supply also has an important [...]
View from the Bench: Patents and Material Transfers
Scholars have argued that the growing number of patents on research inputs may now impede upstream, noncommercial research by creating an “anticommons” in which rights holders may impose excessive transaction [...]
Why Is Manhattan So Expensive? Regulation and the Rise of Housing Prices
In Manhattan and elsewhere, housing prices have soared over the 1990s. Rising incomes, lower interest rates, and other factors can explain the demand side of this increase, but some sluggishness [...]
The Wrong Side(s) of the Tracks: Estimating the Causal Effects of Racial Segregation on City Outcomes
The strong negative correlation between a city’s level of residential racial segregation and its outcomes, particularly for black residents, is well-established. The interpretation of this relationship, however, is confounded by [...]