While it is generally accepted that unions lower employment levels in an industry because of the wage premiums they obtain, there is less agreement on how unions affect an industry's response to changes in output demand. By obtaining a greater percentage of their compensation in fixed fringe...

The state of Wisconsin's Unfair Sales Act prevents the sale of any item below cost in order to attract business, and specifically requires petrol (gasoline) stations to mark up their prices by at least 6% over the wholesale price. While the ostensible reason for this law is to protect small,...

Researchers have long pursued better methods to estimate price elasticity of market-level demand. Due to a plethora of empirical problems, the estimates produced in many empirical studies leave researchers with wide confidence intervals that do little to clarify demand conditions. As a result,...

This research empirically evaluates the public sector investment in the US freight transportation infrastructure. In particular, the infrastructures to support the two most comparable modes of freight transportation - highway and intermodal rail - are examined as alternatives for public fund...

No abstract available.

No abstract available.