Among many, increasing the price of municipal water is considered to be the most effective mechanism for enhancing municipal water conservation, whether during times of drought or not. However, increasing the price of something that is considered to be, literally, a life-giving resource is...

Studies on welfare programs in the United States have identified three types of welfare migration (employment, benefit, and amenity-related). This paper introduces a fourth type of migration induced by welfare time limits. After a welfare-dependent family runs out of benefits, it is possible for...

On the nation’s largest aquifer live 2.3 million people, most of whom depend on the Ogallala’s water for household consumption, as well as for agricultural and industrial use. As the Ogallala’s levels decline, policies need to be developed to encourage conservation of this resource that...

Policy in many regions restricts geographic access to alcohol by reducing the number of outlets where alcohol is available for purchase. In previous studies imprecise measures of access and the lack of a theoretical framework has caused improper economic interpretations of how reducing access...

Policy in many regions restricts geographic access to alcohol by reducing the number of outlets where alcohol is available for purchase. In previous studies, imprecise measures of access and the lack of a theoretical framework have caused improper economic interpretations of how reducing access...

Payday lending is a relatively new and fast growing segment of the fringe banking industry. This paper offers a comparative, descriptive analysis of the location patterns of traditional banks and payday lenders. Utilizing a dataset at the Zip Code Tabulation Area level in North Carolina, we...

The paper introduces the subject of terrorism and counterterrorism by means of a two-person bimatrix game that provides some insight into the behavior of the two players. We then examine three important areas in counterterrorism tasks: the detection of terrorist cells and how to render them...

Payday lending is a relatively new and fast growing segment of the “fringe banking” industry. This paper offers a comparative, descriptive analysis of the location patterns of traditional banks and payday lenders. Utilizing a dataset at the Zip Code Tabulation Area level in North Carolina,...

Studies on welfare programs in the United States have identified three types of welfare migration (employment, benefit, and amenity-related). This paper introduces a fourth type of migration induced by welfare time limits. After a welfare-dependent family runs out of benefits, it is possible for...

This brief note provides a simple, yet powerful example of how the marginal cost/marginal benefit principle can be used in everyday life. Using the decision of the optimal choice of speed on the highway, this note was developed for use as one of the first readings in an introductory...