Using ordinary calculus techniques, we investigate the conditions under which LeChatelier effects are signable for finite changes in parameter values. We show, for example, that the short run demand for a factor is always less responsive to price changes than the long run demand, provided that...

The authors argue that legislator shirking (voting on the basis of personal ideology rather than the interests of one's constituents) can exist, but its appearance should conform to the law of demand. They test and confirm this theory using votes on defense expenditure bills in the U.S. Senate...

Using ordinary calculus techniques, we investigate the conditions under which LeChatelier effects are signable for finite changes in parameter values. We show, for example, that the short run demand for a factor is always less responsive to price changes than the long run demand, provided that...