We examine the major interest groups in the debate over allowing the re-importation of prescription drugs by utilizing a logit model and instrumental variables. Consistent with political support approach, the evidence suggests that Representatives are maximizing their electoral prospects:...

The idea of industrial policy is to cure perceived market failures of various sorts. This also has been the meat of development economics for decades. Moreover, strong similarities exist between the specific goals of industrial policy advocates for developed countries and goals of governments in...

We consider an economy with a tax on all labor earnings. We discover that a slightly binding minimum wage on one sector can enhance efficiency. The minimum wage attracts high-reservation wage workers into the minimum-wage sector. If the labor demand curve in the free sector is quite flat, the...