Two experimental designs were employed in which subjects were offered either a 'discrete' public good, for which group contributions must meet a provision point before subjects receive payoffs; and a 'continuous' public good, which returned 30 percent of group contributions to each subject at...

The efficiency and profitability of exotic racetrack bets such as exactas and daily doubles are examined. Efficiency is understood to mean that above average returns cannot be made in the long run once risk is appropriately controlled for. The markets in question are found not to be efficient;...

This book is about consumer safety and the issues that concern both academics and policy-makers in the United States. On one side of the debate are the consumer advocates who say that private markets, if left to their own devices, will impose unacceptable risks on the public. On the other are...