This study compares an ordered probit model and a Tobit model with selection to take into account both true zero and protest zero bids while estimating the willingness to pay (WTP) for conservation easements in Macon County, NC. By comparing the two models, the ordered/unordered selection issue...

This paper examines land development using an integrated approach that combines residential decisions about choices of community in the Southern Appalachian region with the application of the GIS (Geographical Information System). The empirical model infers a distinctive heterogeneity in the...

This paper examines land development using an integrated approach that combines residential decisions about choices of community in the Southern Appalachian region with the application of the GIS (Geographical Information System). The empirical model infers a distinctive heterogeneity in the...

A growing chorus of voices is calling for the use of arbitration to resolve disputes concerning standards-essential patents (SEPs). Those advocating the arbitration of SEP-related disputes include academic commentators, government officials and members of the professional bar. Most cite the...

In March 2008, the Federal Communications Commission (FCC) closed an unprecedented license auction that was carefully tailored to maximize fees to be collected by the government and to fairly distribute a natural resource: the air. In particular, the 700MHz band being vacated in 2009 by analog...

The primary goal of the Constitution’s framers had in mind when drafting the Patent and Copyright Clause of Article I of the U.S. Constitution was to provide an efficient means for small businesses and independent inventors to monetize inventions that they disclosed to the government and the...