In this article, we examine disclosure as a tool to mitigate the effects of asymmetric information in a Thoroughbred yearling market. If disclosures influence market price, information contained therein must be valuable to buyers and hence diminish asymmetric information. Using public auction...

This paper investigates the relation between household income level and individual alcohol consumption behavior, and the relation between household income level and individual physical activity participation choice. Previous research is inconclusive regarding the relations on these two...

This paper investigates the relation between household income level and individual alcohol consumption behavior. Data from Behavioral Risk Factor Surveillance System (BRFSS) are tested utilizing a multinomial Logit method. The results show that alcohol consumption frequency positively correlates...

The article experimentally investigates individuals’ choice behavior between privacy and security. In a convenience sample of undergraduate and graduate students, we find that most individuals choose to sacrifice a moderate amount of privacy in exchange for a moderate increase in security. A...

This article utilizes panel data on leading Thoroughbred sires from 1999 until 2008 and estimates the determinants of their stud fees, or the price paid for the rights to one breeding season, and the marginal value of those characteristics. Using a Fixed Effects (FE) estimation procedure, we...

The article experimentally investigates individuals’ choice behavior between privacy and security. In a convenience sample of undergraduate and graduate students, we find that most individuals choose to sacrifice a moderate amount of privacy in exchange for a moderate increase in security. A...

Paper was previously titled "The Informativeness of Prices as Quality Signals in the Thoroughbred Industry"