The ‘Article of Manufacture’ in 1887
One of the most important questions in contemporary design patent law is how to interpret the phrase “article of manufacture” in 35 U.S.C. § 289. While there has been much [...]
Antitrust and Innovation: Welcoming and Protecting Disruption
The goal of antitrust policy is to protect and promote a vigorous competitive process. Effective rivalry spurs firms to introduce new and innovative products, as they seek to capture profitable [...]
A Theory of Housing Demand Shocks
Aggregate housing demand shocks are an important source of house price fluctuations in the standard macroeconomic models, and through the collateral channel, they drive macroeconomic fluctuations. These reduced-form shocks, however, [...]
Second Chances: The Importance of Occupational Licensing Reform to Arkansas’s Criminal Justice Reform Initiatives
Arkansas policy makers are aware of their state’s high criminal recidivism rates (the percentage of released prisoners that reoffend). The criminal justice reforms in Arkansas have also indicated that policy [...]
Occupational Licensing and Immigrants
Occupational licensing laws create minimum standards that individuals must meet to work in a number of fields. These minimum standards usually include competency tests, hours of practice, application fees, and [...]
Upzoning Chicago: Impacts of a Zoning Reform on Property Values and Housing Construction
What are the local-level impacts of zoning change? I study recent Chicago upzonings that increased allowed densities and reduced parking requirements in a manner exogenous of development plans and neighborhood [...]
Contribution of NIH funding to new drug approvals 2010–2016
This work examines the contribution of NIH funding to published research associated with 210 new molecular entities (NMEs) approved by the Food and Drug Administration from 2010–2016. We identified >2 [...]
Irrational Ignorance at the Patent Office
There is widespread belief that the Patent Office issues too many bad patents that impose significant harms on society. At first glance, the solution to the patent quality crisis seems [...]
The Global Economic Recovery 10 Years After the 2008 Financial Crisis
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country [...]
Standing on the Shoulders of Science
The goal of science is to advance knowledge, yet little is known about its value for marketplace inventions. While important breakthrough technologies could not have been developed without scientific background, [...]