This paper examines the relationship between financial inequality, competitive balance and attendance at English professional league soccer. It shows that while financial inequality among the clubs has increased, competitive balance has remained relatively stable and match attendance appears...

In this paper, the authors suggest an alternative explanation of the high cross-section association between shares of saving and investment in GDP which M. Feldstein and C. Horioka (1980) interpret as evidence of low capital mobility. In OECD countries, saving and investment shares appear to be...

This paper constructs a dynamic model of the arms trade in which there are a small number of suppliers who care about the profits from the trade and the security consequences of the sale and a large number of interacting buyers who are concerned about their security relative to regional rivals....