The main goal of this paper is to investigate the role of campaign fund in congressional careers. To achieve this goal, we specify a dynamic model of career decisions of a member of Congress. In particular, we model how the amount of campaign funds raised affects the probability of winning...

Spatial models of voting behaviour are the dominant paradigm in political science. Consistent with this approach, it will be the case that, ceteris paribus, voters should vote for the party nearest to them on the political spectrum. A key question is how we measure nearness or distance. We...

This paper studies passengers' choice behavior in air travel. Products are defined as a unique combination of airline and flight itinerary while markets are defined as a directional round-trip air travel between an origin and a destination city. A structural econometric model is used to...

In many markets consumer biases do not affect prices, since competition forces firms to price their products close to marginal cost; competition protects the consumer. We show that noisy consumer product evaluations undermine the force of competition, enabling firms to charge high mark-ups in...

This paper uses sequence methods and cluster analysis to create a typology of career paths for a cohort of British 29 year olds born in 1970. There are clear ‘types’ identified by these techniques including several paths dominated by various forms of non-employment. These types are...