In recent years, there has been a substantial global increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections and wagering on financial instruments. This trend has heightened interest in numerous economic and financial issues related to this sector....

Using data from England and Wales, we test the hypothesis that legalizing abortion reduces crime. The timing of changes in crime rates in aggregate data is generally inconsistent with this hypothesis. Using panel data on recorded crime from 1983 to 2001, we are able to replicate the negative...

Bookmakers have argued that person-to-person internet 'betting exchanges' represent unfair competition. In this paper we suggest that, in fact, betting exchanges have brought about significant efficiency gains by lowering transaction costs for consumers. We test this hypothesis using matched...