In this paper, I examine how insurance spread from one group of institutions to the next and how the level of insurance was gradually raised. Although deposit insurance has often [...]
Licensing describes the set of regulations that limit service provision to individuals or entities who meet state-established criteria. Despite claims that licensure increases service quality, the effect of licensure on [...]
Self-regulation encompasses a wide range of arrangements, from private ordering without resort to legal rules to state-enforced systems of delegated rules. Transaction cost analysis has been used to explain how [...]
Over the past century, land use planning by regulatory agencies has increasingly displaced the decentralized process of private landowners making their own decisions about land use. Local governments, county governments, [...]
Health services professionals are confronting the challenge of maintaining and improving competence over the course of lengthy careers in diverse practice specialties. This article reviews the efforts of a selection [...]
According to the economic theory of patents, patents are needed so that pioneer firm have time to recoup their sunk costs of research and development. The key element in the [...]
The Portland, OR, region has had a strong urban growth boundary (UGB) since 1979, so observers have focused on the relationship between its UGB and home prices, which rose sharply [...]
One of the most frustrating and contentious issues in California in recent years has been the shortage of housing. Even as 10 million people have been added to the state’s [...]
In this paper we have reported results of our research examining the “sunset” H2s up to and following their Rx patent expiration, as they encountered cannibalization from their own and [...]
This paper reviews the economic case for patents and the potential for differential pricing to increase affordability of on-patent drugs in developing countries while preserving incentives for innovation. Differential pricing, [...]