Beginning with a time-dependent definition of a house flip, the analysis examines flipping activity in Las Vegas from 1994 through mid-2007. We find that flip homes tend to be older and smaller than non-flip homes. Moreover, as the residential property market in Las Vegas begins to take off,...

This paper analyzes the net impacts of college football games on the sales tax revenues and taxable sales of four mid-sized cities in Texas. The paper addresses the question in the title, but also asks whether state policy makers might be justified in encouraging schools in their state to play...

Internet message boards are inherently a world of cheap talk due to the anonymity of message authors. This paper investigates whether a pecuniary reputation system influences the adverse selection endemic to message boards. First, we find evidence that such a authors with high reputation scores...

This paper investigates the introduction of the reserve clause in Major League Baseball during the 1880s. Taking advantage of a unique data set describing the salaries for twenty nine high-quality players throughout the decade of the 1880s, we investigate the impact of the reserve clause as it...

We estimate the demand for colleges in the United States by relating new applications to easily comparable characteristics of the schools in the sample. We find that the demand for 1134 U.S. colleges in 1994 is positively related to out-of-state tuition but inversely related to in-state tuition....

It is shown that the volume of trade can be decomposed into proportional proxies for stochastic flows of good news and bad news into the market. Positive (good) information flows are assumed to increase the price of a financial vehicle while negative (bad) information flows decrease the price....

This online appendix accompanies the paper “The Conversion of Money Lines into Win Probabilities: Reconciliations and Simplifications” by the same authors.Full paper available at: 'https://ssrn.com/abstract=2658335' https://ssrn.com/abstract=2658335

FFormal rules and social norms are both important components of sanctioning anti-social behavior. However, finding data to analyze how these dual enforcement measures reinforce each other and change over time can be difficult. To provide insights on the interplay between rules and norms we...

This document provides additional information about the data used in the study “Family Connections in Motorsports: The Case of Formula One,” and contains robustness checks on the main results, focusing on whether particular periods of Formula One racing are overly influential

We contribute to the literature on money line betting markets by investigating the relationships between the various methods used to derive subjective win probabilities from money lines. We show that, although the seven methods described appear to be unique, they actually share many common...