Rent seeking involves wasteful expenses. This paper explores the nature, significance, and cost of rent seeking in Ghana, a small developing country with substantial government intervention in economy activity, using the methods for India of Krueger (1974) and Mohammad and Whalley (1984)....

This paper tests empirically the Ramsey version of the public-interest theory of regulation by examining the pricing practices in the nuclear power industry using a 1985 cross-sectional sample of forty electric utilities. Other researchers have avoided this segment of the industry because of the...

While the antitrust laws claim to serve the public interest, they are susceptible to the influence of special-interest groups as are any public policies. This paper extends the empirical literature regarding the special-interest theory of antitrust. The authors' additional empirical evidence...

This paper applies the Granger-Sims causality framework to historical data from the United States, West Germany, and Great Britain to develop estimates of the causal ordering between government expenditures and national income. Based on these estimates, it is clear that when one tests the...