We match bankruptcy and shutdown episodes of regional airlines in the U.S. between 1995 and 2017 with a novel and comprehensive dataset on property transactions across the U.S. Our empirical findings confirm a spillover effect of airline bankruptcy on real estate prices. In particular, we find...

Patent exhaustion enjoys a reputation as a well-established doctrine of “over 160 years” with a further “impeccable historic pedigree” reaching back to Lord Coke’s seventeenth century property writings. The doctrine allows purchasers of patented goods to use those items according to...

Despite federal law, twelve American states and Washington D.C. have legalized recreational marijuana since 2012. Using a national housing data set from the online real estate listing database Zillow.com, we identify the cross and inter-state effects of marijuana legalization on house prices in...

Current conventional wisdom holds that patent exhaustion and copyright first sale—which allow you to buy a patented smartphone or a copyrighted book and use or resell it for any purpose—have longstanding common law bases first referenced in U.S. courts by Chief Justice Taney in the...

Do women pay more than men for similar housing? We utilize repeat-sales housing transactions drawn from ZTRAX to examine if gender gaps exist in house purchase prices and loan to price ratios. Our analysis utilizes repeat-sales and include house and neighborhood-by-time fixed effects to control...

This is a book about innovation and entrepreneurship within and across art, science, technology, and law. It focuses on the issues involved in transforming good ideas into deployed solutions. However, it does not presume that “innovation” and “entrepreneurship” are well defined, and it...

The book recharacterizes innovation as the context-dependent design of new methods to solve problems for a given time and place. It also broadens innovation and the notion of methods to cover all fields of human activity, categorized under the abstract meta methods of art, science, technology,...

This Article provides a brief primer on the surprising range of assets that the CSA forfeiture provisions govern for the state-legal cannabis businesses. It outlines these provisions for tangible as well as intangible property, with an emphasis on risks to state-legal cannabis businesses'...

Patent systems emerged in the early modern period of the West to incentivize development and dissemination of skills-based artisanal innovations. This approach appears to have been adopted by the Framers in drafting the Intellectual Property Clause. Only later, in the Industrial Revolution, did...

A problem that underlies the emerging innovator-creator copyright debates is that creative innovators naturally want their inputs to be “free” (in both the cost and repurposing senses), while they need their outputs to be appropriable if they want to receive a return on investment for their...