Consumer City
Urban economics has traditionally viewed cities as having advantages in production and disadvantages in consumption. We argue that the role of urban density in facilitating consumption is extremely important and [...]
Why Are There NIMBYs?
An owner-occupied home is an unusual asset because it cannot be diversified among locations and because it is the only sizable asset that most owners possess. Among the uninsured risks [...]
Homevoters, Municipal Corporate Governance, and the Benefit View of the Property Tax
Tiebout’s “vote with your feet” model dispensed with political behavior in local government. The present article offers a political model borrowed from corporate finance. Local governments are viewed as municipal [...]
The Link Between Gross Profitability And Pharmaceutical R&D Spending
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 [...]
Older Suburbs: Crabgrass Slums or New Urban Frontier?
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 [...]
How do foreign patent rights affect U.S. exports, affiliate sales, and licenses?
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 and Quality Growth in Ohio
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 [...]
The Role of Regulation in Quality Improvement
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 [...]
Urban containment policies and housing prices: an international comparison with implications for future research
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 [...]
Smart Growth and Housing Affordability: Evidence from Statewide Planning Laws
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 [...]