We investigate the impact of a potential new sports venue on residential property values, focusing on the National Football League's Dallas Cowboys' search for a new host city in the Dallas-Fort Worth area. We ¯nd that residential property values in the city of Dallas increased following the...

We estimate the impact of corruption on a country's creditworthiness. Corruption affects creditworthiness through its impact on the size of the formal sector of an economy. We find that creditworthiness, as measured by sovereign credit ratings, is decreasing in corruption. It follows from our...

We examine conservation activity in western North Carolina, where state income tax credits from land conservation have been available since 1983. Six land trusts, including the Nature Conservancy, undertake conservations in both fee simple and in conservation easement over a twelve year period....

We propose a methodology that facilitates a direct test of the homevoter hypothesis, which posits that homeowners vote in favor of public projects they perceive increase residential property values and against those that do not. First, we estimate how pre-referendum events that signal a higher...

This paper provides an empirical analysis of the relationships between three popular lottery games in the state of Texas: Lotto Texas, Texas Two Step, and the multi-state Mega Millions game. The analysis suggests complementarity between the Lotto Texas and Mega Millions; habitual players tend to...

The theory of multiproduct pricing is well developed in stylized models, although a unified theory has yet to be developed. As such, empirical analyses are rarely guided by strong theoretical hypotheses and are therefore scarce. This paper analyzes the interactions of ticket, parking, and...