Based on 2001 Canadian Census data, we investigate the return to investment in human capital in Canada. Internal rates of return (IRR) imply that the value of education varies by gender, level of education, and field of study. A bachelor's degree yields the highest IRR; the IRR from higher...

This note provides a modern story for principles instructors to use as a supplement to textbook accounts of problems associated with externalities and the applicability of the Coase theorem. Our story begins in July of 1988, when Larry Ellison paid $3.9 million for a home in the Pacific Heights...

This note comments on a misconception that yield to maturity from holding a coupon bond until maturity is only promised, but not really received, unless coupon payments are reinvested at the same rate as the (original) yield to maturity. It shows that yield to maturity is always earned no matter...

This study seeks to expand the scope of that portion of Public Choice courses that involves voting behavior. The study broadens the interpretation of the "rational voter model" so as to include the potential effects of "direct democracy" on the voter participation rate. Direct democracy is...

Assuming that instructors of economics are utility maximizers, they may find it useful to engage in classroom behavior that is likely to generate favorable outcomes with respect to student course evaluations. This is especially true if student course evaluations are used in assessing teaching...

This study provides a simple interpretation and extension of the Rational Voter Model (RVM), one which enables students in Public Choice classes to easily understand its application in a real-world context. In doing so, the presentation identifies key aggregate-level economic and non-economic...

Assuming that instructors of economics are utility maximizers, they may find it useful to engage in classroom behavior that is likely to generate favorable outcomes with respect to student course evaluations. This is especially true if student course evaluations are used in assessing teaching...