I develop a model in which the voluntary contributions mechanism for the provision of public goods totally breaks down in a large society. A by-product firm sells a private good and uses its profits to provide a public good. By-product firms compete with for-profit firms in a monopolistically...

One argument for forcing governments to pay compensation for regulatory takings is that they will tend to over regulate if compensation is not paid. In this paper, a model is developed in which there are two groups in society, one of which bears all of the costs of regulation. Regulation...

Richard Epstein has argued that, in a fairly broad range of circumstances, governments should pay compensation for regulatory actions which impose costs on a subset of society. I develop a model in which there are two groups, one of whom benefits from a regulation, and one of whom bears the...

As a result of Title IX, there has been a large increase in participation of women in college sports, while men's participation has remained roughly constant. Using a standard contest success function, we analyze the resource allocation decision between women's and men's sports before and after...

We develop screening models of final offer arbitration (FOA) in which the uninformed party makes a demand to the informed party. We consider models in which settlement occurs before and after the submission of binding offers, and in each we analyze costly discovery. Our results are compared to...

Esteban and Ray (2001) develop a model with an increasing marginal cost of contribution and overturn the Olson hypothesis that large groups are unable to provide themselves with a rival public good. Pecorino and Temimi (2008) consider fixed, but avoidable, participation costs in this framework....

Recently a great deal of controversy has been generated from the salaries earned by head football coaches in the NCAA. On one level this seems odd since many figures in the world of sports and entertainment earn exceptionally high salaries. However, one important difference in the case of NCAA...

It is well established that the provision of a pure public good is increasing in group size if the good is normal. What I show is that if the good exhibits even a small degree of rivalry, then the individual level of consumption of the public good falls to 0 in a large group. Thus, a strong...

With the election of 1994, the Republican party gained control of both houses of the U.S. Congress for the first time since 1954. In this paper, we analyze whether this change in party control had significant effects on the determinants of federal spending at the state level. To perform this...

Using data from Backus and Kehoe (1992) we establish the existence of a positive relationship between the price-output correlation and the variance of output. This is consistent with the idea that reductions in the magnitude of aggregate demand shocks have been the dominant cause of changes in...