This study analyzes whether economic conditions at the time of labor market entry affect entrepreneurship, using difference in business start-ups between cohorts of college students graduating in boom or bust economic conditions. Those graduating during an economic bust tend to delay their...

This paper applies production theory to define a new set of inputs for U.S. households over the post-World War II period and uses newly constructed data on some of these inputs to fit a completehousehold-demand system, including inputs of women’s and men’s housework, and seven other...

Recreation demand models typically incorporate measures of the physical attributes of recreational sites; e.g., Secchi depth or phosphorous levels in case of water quality. Moreover, most studies show that individuals do respond to these physical characteristics in choosing where to recreate....

Students in majors with higher average quantitative GRE scores are less likely to attend graduateschool while students in majors with higher average verbal GRE scores are more likely to attendgraduate school. This sorting effect means that students whose cognitive skills are associatedwith lower...

This paper applies production theory to define a new set of inputs for U.S. households for thepost-war II period, tests the new inputs to see if they support a complete household-demandsystem, and reports a new social cost-of-living index. The data support a demand system withnine major input...

This paper presents new econometric evidence on state government’s demand for resources to support local agricultural experiment station research. The econometric model consists of a complete-demand system covering four major resource sources, and it is fitted to annual observations on 48...

Two interested parties dominate the current debate on genetically modified (GM) foods: environmental groups and agribusiness companies. For the average consumer to arrive at an informed decision on these new foods, they must rely on information from interested parties. Unfortunately, information...

In order to reduce obesity and associated costs, policymakers are considering variouspolicies, including taxes, to change consumers’ high-calorie consumption habits. We investigatetwo tax policies aimed at reducing added sweetener consumption. Both a consumption tax onsweet goods and a...

A commonly observed feature of visitation data, elicited via a survey instrument, is a greaterpropensity for individuals to report trip numbers that are multiples of 5's, relative to otherpossible integers (such as 3 or 6). One explanation of this phenomenon is that some surveyrespondents have...

Random Utility Maximization (RUM) models of recreation demand are typically plaguedby limited information on environmental and other attributes characterizing the available sitesin the choice set. To the extent that these unobserved site attributes are correlated with theobserved characteristics...