This study presents three tests of efficiency of the NFL betting market for the years 1994-2000. First, it tests for weak-form informational efficiency of the betting market. Then it examines whether the market incorporates objective information such as power scores and stadium characteristics...

Vaccination provides indirect benefits to the unvaccinated. Despite its important policy implications, there is little analytical or empirical work to quantify this externality, nor is it incorporated in a number of cost-benefit studies of vaccine programs. We use a standard epidemiological...

While it is widely alleged that economists do not like or use questionnaire surveys, the facts are considerably more complicated. Economists make extensive use of survey information on such things as prices and employment, and the use of 'contingent valuation' surveys has exploded recently. The...

This paper presents a recently developed approach for evaluating economic forecasts. Previously, univariate methods were used to evaluate the forecasts of individual variables. However, many macroeconomic variables are forecast at the same time to describe the state of the economy. It is,...

Numerous empirical literatures display conflicting results. This paper examines the conflicting results concerning the rationality of forecasts and expectations. Meta-analysis techniques are used to examine the empirical studies that tested the rationality hypothesis. What did we know, and when...

The relationship between two sets of GNP data, the earliest and the first revisions, is examined. This comparison enables us to determine whether the early numbers are valuable to forecasters. The analysis uses two methods. The first is based on a technique which has been used to evaluate...