A small but important part of Buchanan's work is focussed on issues relating to federalism. This includes the early equalisation grants paper (from his doctoral dissertation), the midcareer papers on Tiebout processes and the later paper on fiscal cartels in The Power to Tax (1980). The aim of...

We investigate the asymptotic validity of the bootstrap for Durbin-Wu-Hausman (DWH) tests of exogeneity in linear IV regressions, with or without identification. Our analysis of the properties (size and power) of the proposed bootstrap tests provides some new insights and extensions of earlier...

The presence of illegal, unregulated and unreported (IUU) fishing activities is considered a serious barrier to the sustainable use of marine resources. This paper uses a game theoretic approach to investigate the strategic interaction between fishers and management in the presence of IUU...

We focus on the classical linear simultaneous equations models and study the sensitivity to instrument endogeneity of six alternative versions of Durbin-Wu-Hausman (DWH) tests of exogeneity. To address this issue, we consider two setups for instrument endogeneity: (i) fixed instrument...

This paper employs two stage data envelopment analysis (DEA) to investigate the efficiency effects of removing trade barriers on banking performance for a sample of Asian developing economies over the period 1997-2006. First, the DEA is employed to estimate the efficiency scores of banks. After...

We present a theoretical framework that incorporates energy within an endogenous growth model. The model explicitly allows for the interaction and substitution between fossil fuels, defined as a non-renewable resource derived from some fixed initial stock, and alternative energy, defined as...

Since The Calculus of Consent (1962), Public Choice has had little influence on the course of public policy in Australia and, in particular, virtually none on the seismic shift from a policy regime antagonistic to competition, to one that gives conditional approval. Competition, of the...

We provide economy-wide modeling results of the national and regional implications of two current challenges facing the Australian wine industry: a decline in export demand for premium wines, and a possible change in the tax on domestic wine sales following the Henry Review of Taxation. The...

Australia?s wine industry has been through major structural changes over the past six decades and has grown especially rapidly since the early 1990s. Investments in generic promotion and in grape and wine research and development have been significant features of the industry throughout that...