Union status models ignore the fact that rent-seeking prospective members have an incentive to bid up entry costs so that higher union wage gains make union jobs more costly to obtain. The standard presumption that higher union wages cause firms to substitute toward higher quality workers is...

This paper presents time-series evidence on the voting behavior of members of the U.S. House of Representatives from 1975 to 1990. The empirical results indicate that voting behavior of individual congressmen is remarkably stable over time. The authors find no evidence of economically...

During the last couple of decades, courts have intervened in employment relationships by allowing employees to circumvent the workers' compensation liability restrictions. Recent papers point to firms' divesting themselves of operations whose employees handled dangerous substances as a way of...

This paper shows that allowing wealthy individuals to influence the outcome of their trials through the purchase of legal services can be consistent with the optimal penalty literature. Using this analysis, the author reviews some of the advantages and disadvantages of varying the length of jail...

This paper shows that most of the large recent increases in campaign spending for federal and state offices can be explained by higher government spending. This result holds for both federal and state legislative campaigns and gubernatorial races and across many different specifications. The...

Many recent game-theoretic models suggest that, with asymmetric information, it can be profitable for firms to acquire a reputation for toughness to discourage later entry. The authors identify institutional arrangements that firms must undertake if predatory commitments are to be credible. For...