This article looks at the spatial distribution of patent activity among publicly traded companies in the U.S. pharmaceutical industry. Data for two time periods show that patent introductions tend to favor the Northeast. Significant locational variations are uncovered in the innovation...

During the West Coast port lockout in fall 2002, a widely quoted estimate claimed that a 10-day shutdown of port facilities would cost the U.S. economy $1.94 billion a day. This article argues that the estimated economic losses were vastly over inflated, and the episode provides an opportunity...