In the traditional Becker model of employer discrimination, discriminatory behavior arises from a utility-maximizing owner who balances firm profits against the disutility of hiring workers from the disadvantaged demographic group. However, in the modern firm, many human resource decisions are...

In this article, we examine disclosure as a tool to mitigate the effects of asymmetric information in a Thoroughbred yearling market. If disclosures influence market price, information contained therein must be valuable to buyers and hence diminish asymmetric information. Using public auction...

This paper investigates the relation between household income level and individual alcohol consumption behavior, and the relation between household income level and individual physical activity participation choice. Previous research is inconclusive regarding the relations on these two...

This paper investigates the relation between household income level and individual alcohol consumption behavior. Data from Behavioral Risk Factor Surveillance System (BRFSS) are tested utilizing a multinomial Logit method. The results show that alcohol consumption frequency positively correlates...

Paper was previously titled "The Informativeness of Prices as Quality Signals in the Thoroughbred Industry"

Prices transmit information regarding the underlying quality of a product; when quality is unknown to both buyers and sellers, theory predicts that the same price should be charged for all products. However, in the Thoroughbred industry, difference fees are charged to breed to freshman sires,...

Many Thoroughbred stallions are being bred to increasing numbers of mares. This practice raises the question of how progeny value is affected by an increased supply of foals by the same sire, which ultimately influences the sire’s value. This paper addresses that question. Three of the...