Both quantity of horses and quality stimulate demand for horse race gambling. This paper addresses the potential for a quantity/quality tradeoff due to breeding incentives for California thoroughbreds. Econometric analysis is used to assess the demand for quality and quantity of horses, and...

Previous studies have suggested that market failures are household-specific and not commodity-specific (de Janvry et al, 1991); transaction costs determine whether a household is a buyer, seller or self-sufficient for a given good and how much it is going to produce (Key et al, 2000). Focusing...

The importance of international trading and multi-national corporate groups means that tax regimes will commonly contain provisions allowing for the adjustment of transfer prices on cross-border transactions. An examination of the taxation Acts of Australia and New Zealand reveals vast...

In order for wind energy to be feasible in the sounds of North Carolina, it must be economical. The price paid for electricity produced by wind must be sufficiently high to translate into a reasonable rate of return for developers and investors. Countervailing tensions on regulators, utilities...

Commercial fishing involves both physical and financial risks. This combination questions whether fishermen are inherently risk-loving, whether physical and financial risk preferences are correlated, and how much preferences vary across fishermen. This paper addresses these questions with a...