We examine the correlation between federal government activity and performance of the capital’s National Football League team, the Washington Redskins. We find a positive, non-spurious, and robust correlation between the Redskins’ winning percentage and bureaucratic output, measured by pages...

The authors explain why the elementary logic of rate-of-return regulation generates not the competitive outcome but the monopoly outcome. Within the framework of the "passive regulator" that this logic entails, public regulation cannot alter the monopoly outcome, but can only change the form in...