Based on an analysis of industry by region data the author finds little evidence that U.S. unions have been a significant factor in the decision of U.S. firms to produce abroad. Additional evidence suggests that U.S. foreign production may have had a negligible effect on the domestic...

Critical aspects of the justice system are not in concert with the intent of the due process amendments because of the reliance of the law on the prisoner’s dilemma. A 2 x 2 matrix of payoffs identifies that absolute immunity from suit for judicial acts are necessary conditions for despotism

This paper exploits the significant recent variation in United States house prices to empirically examine the effect on housing equity constraints and nominal loss aversion on household mobility. The analysis uses unique, detailed data from 1985-1996 on household characteristics, mobility, and...

The $76 billion the U.S. Government provided to General Motors and Chrysler, may constitute violations of the Subsidies and Countervailing Measures Agreement under the General Agreement on Tariffs and Trade. This matters because violations entitle other World Trade Organization members to...

These comments respond specifically to a question raised in the U.S. Senate Committee on Energy and Natural Resources’ “White Paper on a Clean Energy Standard.” These comments argue that the Committee should consider lifecycle greenhouse gas analysis as one factor in determining whether an...

This study empirically investigates the impact of foreign country factors like market size, technological strength of industries, and science and engineering (S&E) capability on the conduct of U.S. overseas R&D during the 1991-2002 period. We find that overseas markets primarily predict the...

This paper investigates whether the real exchange rate uncertainty depresses Thailand's exports to the United States and Japan and thus causes the trade balances to deteriorate under the floating exchange rate regime. Monthly data from July 1997 to December 2007 are utilized. Industrial...

This article analyses the market reaction to stock splits announcements, using a unique US sample over the period 2000 to 2009. Our event study finds a significantly positive Cumulative Average Abnormal Return (CAAR) around the announcement date. Liquidity increases lead to higher stock price...

As the legal profession gradually reaches equality in numbers among male and female practitioners, the percentage of female law firm partners remains at relatively low levels. Equity partnership in a law firm remains the last bastion of male dominance, shutting the door on sharing the wealth...