Recently numerous studies have maintained that post-1990 data no longer supports a long-run M2 demand relationship. Suggestive of the failure, several authors have shown that the errors associated with forecasting real income fluctuations increase once the M2 demand vector error-correction...

Numerous empirical studies of competition within Major League Baseball (MLB) have highlighted the recent rise in competitive balance. While most explanations for the increased competitiveness have revolved around the establishment of the amateur draft or the introduction of free agency, the...