Strategic interjurisdictional behavior and the interaction over time of the mean and dispersion of average tax rates across states are analyzed in a vector autoregression model. Variance decompositions reveal that fiscal competition explains roughly one-third of the time variation of state and...

Prior literature has found evidence that pleasant weather (namely, sunshine) leads to higher tipping rates, presumably because it improves the moods of either servers or patrons. However, studies examining the relationship between pleasant weather and tipping behavior have involved relatively...

In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...