In this paper, we first explore how an exogenous increase in the opportunity cost of religious participation affects individuals' religious participation and reported happiness using data from the General Social Survey. The exogenous shift in the cost of religious participation is a result of...

The revealed residential choice of city versus suburbs within large metropolitan areas is examined with particular focus on families with children, especially those with college-educated parents. Probit and bivariate probit estimates are presented for 15 large metropolitan areas in the United...

In this paper,we consider whether underpaying players restricted by the reserve clause is a common practice in the three largest sports leagues in North America—the NFL, NBA, and MLB. Our results are consistent with the hypothesis that owners of professional sports teams do exercise monopsony...

This paper outlines the conditions under which a state-run lottery yields an expected return greater than its costs. The analysis considers the possibility of multiple winner, the fact that lottery winnings are typically paid out over a 10 to 20 year span, the taxation of lottery winnings as...

This paper explains the economics of gambling behavior within a framework which explicitly incorporates agents' models and attitude toward risk. Within this framework, we characterize the formation of subjective probabilities, the equilibrium in a pointspread gambling market, and how the...

The revealed residential choice of city versus suburbs within large metropolitan areas is examined with particular focus on families with children, especially those with college-educated parents. Probit and bivariate probit estimates are presented for 15 large metropolitan areas in the United...

In this paper, we first explore how an exogenous increase in the opportunity cost of religious participation affects individuals' religious participation and reported happiness using data from the General Social Survey. The exogenous shift in the cost of religious participation is a result of...

The authors focus on the relationship between being a college graduate (that is, having a bachelor's degree or higher) and household location in the city of Chicago's lakefront neighborhoods, other parts of the city, and the suburbs in Illinois. Overall, their results indicate that being a...