crude oil

Would Granting Futures Exchanges CopyRight Protection for Prices Deter Some Market Manipulation?

Michael Giberson In New York Mercantile Exchange Inc. v. IntercontinentalExchange Inc., the U.S. Court of Appeals, Second Circuit denied NYMEX copyright protection for its settlement prices. The decision turned on application of the merger doctrine in copyright law, which governs cases in which the expression of an idea is so completely linked to the idea itself …

Would Granting Futures Exchanges CopyRight Protection for Prices Deter Some Market Manipulation? Read More »

Digging into the Resource Curse: Research into Oil Revenue and Brazilian Municipalities

Michael Giberson A paper by Francesco Caselli and Guy Michaels, “Do Oil Windfalls Improve Living Standards? Evidence from Brazil,” takes a closer look at the how the resource curse works its anti-magic. (Ungated version here.) The abstract: We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find …

Digging into the Resource Curse: Research into Oil Revenue and Brazilian Municipalities Read More »