Many state and local governments have subsidized the construction of arenas and stadiums for the use of professional sports teams. They often justify the subsidies with claims that the stadiums generate positive externalities, including public goods. Some research using Contingent Valuation...

Increased federal environmental regulation during the 1970s had major effects on the political markets of state environmental quality. We test several theories in the literature on comparative state policy for the time period beginning with the National Environmental Policy Act and ending with...