Recreation is the fastest growing segment of personal consumption. The study documents this growth, first, by analyzing recreation expenditures as a part of total personal consumption, and second, by analyzing the growth of expenditures on six recreation sub-groups, including electronic...

ABSTRACT Gender differences in drinking patterns are potentially important for public policies, especially policies that rely extensively on higher alcohol taxes and prices. This paper presents a systematic review of alcohol prices and gender differences in drinking and heavy drinking by adults...

Hedonic prices are estimated for summer and winter rentals for vacation houses located near a lake and ski-golf resort in rural western Maryland. Regressions for weekly rents are conditioned on house size, quality, and recreation features including lakefront proximity and ski-slope access....

Precise estimates of price elasticities are important for alcohol tax policy. Using meta-analysis, this paper corrects average beer elasticities for heterogeneity, dependence, and publication selection bias. A sample of 191 estimates is obtained from 114 primary studies. Simple and weighted...

A process analysis model of the U. S. steel industry recently presented by Tsao and Day [Tsao, C. C., Day, R. H., "A Process Analysis Model of the U. S. Steel Industry," Management Science, Vol. 17 (June 1971), pp. B588-B608.], while accurate in almost every other aspect, is in error in the...