Breton and Wintrobe (1982) develop a non-traditional (modern) model of bureaucratic management that is based on the notion of “vertical trust†– the notion that subordinates “trade services†that advance the goals of the bureau''s leadership in return for various...

Diamonds are generally evaluated on the basis of sensory characteristics, such as carat (weight), colour, clarity and cut. However, given the experience goods nature of diamonds, few consumers grasp how the sensory characteristics of these stones are evaluated by the gemological grading...

Investigates empirically the importance of buyer characteristics as well as product and service classifications on the informational content of advertising supply by sellers utilizing Yellow Pages advertisements from six US cities. The analysis and tests extend the categories used in previous...

The purpose of the present study is to test the hypothesis alluded to by Tullock, within the context of defensive rent‐seeking efforts developed by others (e.g. McChesney). Here, we test the idea that defensive rent seeking efforts (or rent‐defending) to maintain the status quo augment...

Purpose – Within the area of economics, the value attached to highly‐ranked journal publications, such as the American Economic Review , Journal of Political Economy and Quarterly Journal of Economics , in tenure, promotion, and merit pay processes is often several times greater than that of...

Provides a compatible model to previous work on college student migration in the form of a recursive set of equations. Points out that “hidden resource distortion”, a form of rent seeking in the political process, is positively related to institutional support for public colleges and...

Provides a model of human capital search by examining college student migration across states. Tests pertinent investment and consumption benefits. Employs OLS estimation for 49 states, with unique measures for college quality, college climate, and college location. Tests income and price...

This study focuses on the effect on real estate prices of the oil spill in the Gulf of Mexico in 2010.  Based on previous studies on the effects of water contamination on real estate, it is likely that this oil spill, which was not capped for three months, had a drastic effect on real estate...