Every year during the second and thirdquarters (the hot seasonʺ) housing markets in the UK and the US experience systematic above-trend increases in both prices and transactions. During the fourth and first quarters (the cold seasonʺ), house prices and transactions fall below trend. We propose...

Through a survey, economic value estimates were obtained on 962 inventions made in the United States and Germany and on which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents yielded a count of citations to those patents....