In this paper we show that it is possible to manipulate market equilibria in an economy with profit maximizing agents (or agents with quasi-linear utility functions) by either destroying or withholding ones initial endowments.

This paper studies the impact of electricity deregulation and restructuring on research and development (R&D) expenditures of investor owned utilities. The differing pace of deregulation in the fifty states provides heterogeneity in institutional structure and competitive forces, and showcases...

As a professional sport, professional football teams in a league compete in imperfect market conditions since every team in a professional football league may be known by their differentiated product (i.e. the quality of football they play). If the competition level increases, the quality of...

There is a secret paradox at the heart of social contract theories. Such theories assume that, because personal security and private property are at risk in a state of nature, subjects will agree to grant Leviathan a monopoly of violence. But what is to prevent Leviathan from turning on his...

Electoral constituencies recognize favorable policy outcomes in high- turnout jurisdictions (Key 1984 [1949]; Hamilton 1993; Fleck 1999). In the present paper, I evaluate whether underlying institutions might provide a finer explanation of this relationship. To do so, I formally examine variation in...

Concern over online information privacy is widespread and rising. However, prior research is silent about the value of information privacy in the presence of potential benefits from sharing personally identifiable information. We analyzed individuals' trade-offs between the benefits and costs of...

The European Union and its Member States have been engaged in product market reforms over a long period with notable reforms including the Single Market Program and the Lisbon Agenda launched in March 2000. Product market reforms are seen as exerting both a direct and an indirect impact on...

This study is primarily concerned with the degree of professional football competition in the Turkish first division football since its establishment. Moreover, this article aims to find the optimal number of football teams in a league as well as presenting the effects of the changes in point...

Ce texte a été préparé en vue d'introduire un numéro de la revue Reflets et perspectives de la vie économique consacré aux Dynamiques entrepreneuriales (RPVE, XXXIX, no 4, 2000). Le thème général, Dynamiques entrepreneuriales, y est d'abord brièvement discuté. Vient ensuite un...

This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...