Until 1985, research in the economics literature on state lotteries was based on the simplifying assumption that administrative costs were constant. DeBoer (1985) provided empirical evidence supporting the idea that average administrative costs are not constant, but decline with output. In other...

Beginning in 1933, with the establishment of the first federally chartered savings and loan, the thrift industry has functioned under a dual regulatory system. This paper addresses the question of whether this moral hazard, created by regulatory competition, increased the resolution costs of...

Do network news agencies (ABC, CBS, and NBC) play their dominant strategies in selecting the lead news story (cover story) for nightly newscasts? The present paper seeks an answer to this question by employing elementary game-theory analysis and simple logit/ordered logit regression models to...

In recreation demand studies much of the data is collected via on-site samples. Thus, no data is collected for those not visiting the recreation site. The fact that no information is available for those not visiting the recreation area complicates statistical analyses because the result is an...

In this study, we use a more powerful nonlinear (logistic) unit root test advanced by Leybourne et al. (1998) to investigate the time-series properties of real gross domestic product for 25 Chinese provinces for the period 1952 to 1998. We strongly reject the null of unit root process for over...

In support of Fomby and Murfin's (2005) article published in this journal, we demonstrate empirically, rather than theoretically, the severe consequences of using Heteroscedasticity and Autocorrelation Consistent (HAC) SEs in regression-based financial event studies. Applying an event study to a...

The current article builds on Berri and Eschker's (2005) research on the impact of crunch time, or pressure-packed performance, in professional basketball by searching for changes in individual player performance near the end of the game. In this way, our study is similar to the study of Savage...

This study examines the effectiveness of successive rules changes on competitive balance, as measured by score differential in a match, over the history of seven European professional soccer leagues. Poisson regression results show that various rules changes do have an effect on match...