This article offers some comments on recent articles in this journal about the process of racial integration in certain sports venues. Nothing in these articles changes the basic result in an earlier article where the authors show that entre-preneurship by winning teams is the key to...

We show that monopoly is the parent of monopsony when an industry employs specialized resources. This means that the welfare loss from monopoly and monopolization is larger than commonly portrayed. Copyright (C) 2010 John Wiley & Sons, Ltd.

We develop a simple insurance model of the secondary market for tickets to account for some of the observed spatial patterns of prices. Beyond ticket markets the model draws attention to the existence of subtle insurance fees in market prices that may be incorrectly attributed to breakdown of...

<DIV>Intercollegiate sports is an enterprise that annually grosses over $1 billion in income. Some schools receive more than $20 million from athletic programs, perhaps as much as $10 million simply from the sale of football tickets. <BR><BR>Probing the history and business practices of the most powerful...</div>

<DIV>In the global marketplace of ideas, few realms spark as much conflict as religion. For millions of people, it is an integral part of everyday life, reflected by a widely divergent supply of practices and philosophical perspectives. Yet, historically, the marketplace has not always been...</div>

The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of...

This authoritative and encyclopaedic reference work provides a thorough account of the public choice approach to economics and politics. The Companion breaks new ground by joining together the most important issues in the field in a single comprehensive volume. It contains state-of-the-art...

In this paper we present a new hypothesis about why the corporation was invented. The traditional argument stresses the importance of limited liability in the emergence of the corporate form. In contrast we stress the advantages that transferable shares hold for cartel owner-management in the...