In contrast to the plethora of Supreme Court-centered scholarship, the attached article discusses a topic that illustrates how national policies that implicate constitutional issues are discussed and resolved in a political context, a subject that is relevant to current academic debates about...

This paper examines the desirability of allowing a monopolist to determine the market price. The author finds that none of the regulatory mechanisms previously discussed in the "price versus quantities" literature strictly dominates unregulated, monopoly price-setting. Furthermore, despite...

Price controls under variable or uncertain market conditions do not lead to market equilibrium. Under different assumptions for the rationing mechanism during shortages and surpluses, I find, assuming small market shocks, that the optimal regulated price can be related in a simple way to the...

We analyze the policy issue of medical marijuana to illustrate how key virtues of federalism can be used to make a threshold determination as to whether a particular public policy should be subject to federal regulation or reserved for states. When the substantive merits of the policy issue are...

Efficiency wage considerations should be less important for piece-rate pay than for time wages. Therefore, if industry wage differentials reflect efficiency wage factors, then these pay differences should be less sizable and have less explanatory power for piecework than for timework. We test...