An earlier study published in this Journal by Cebula and Chevlin finds that the passage of a tax-expenditure limitation (TEL) statute in all of the 50 states would not have resulted in a reduction in the per capita levels of both spending and taxes. The present study takes issue with this...

As private enterprises in the U.S. and Canada, franchises in the National Hockey League (NHL) can be presumed to be firms pursuing maximum profits. Part of this pursuit involves the negotiation between NHL players and management of player salaries, which (among other things) must be consistent...

The existing empirical evidence on whether U.S. labor markets reward workers for second-language skills is meager and conflicting. Employing data from the National Sample Survey of Registered Nurses in 2000 and 2004, this study reexamines the positive bilingual-earnings relationship found in the...

Many empirical studies of economic growth in Third World countries are cross-national studies that have adopted single-equation OLS estimation to identify the determinants of economic growth. The problem with such an approach is that it often suffers from simultaneity bias. The present study...

This study empirically analyzes the demand for Treasury securities at auctions over the period October 1998 through July 2010 from the perspective of bid composition and the influence of demand at auction on the secondary market. The results show that the demand at auction, measured by bid...

The issue of illegal aliens has received considerable attention in recent years. Concern over the problem of illegal aliens has promulgated an array of efforts by the federal government to examine and revise immigration statutes and practices. Indeed, much debate has arisen over the possibility...

This study investigates the impact of the U.S. federal budget deficit on ex ante real long-term interest rates in the U.S. using quarterly data for the period from 1973 through 1995. The study adopts a loanable funds model. Two stage least squares estimates reveal that the federal budget deficit...

The existence of large federal budget deficits in the U.S., especially in recent years, raises the specter of concern regarding their potential effects on real interest rates (as well as economic growth and capital formation). This study provides current and new empirical evidence on the impact...

Assuming that instructors of economics are utility maximizers, they may find it useful to engage in classroom behavior that is likely to generate favorable outcomes with respect to student course evaluations. This is especially true if student course evaluations are used in assessing teaching...

In their seminal work, The Calculus of Consent (1962), Buchanan and Tullock develop a decision model which embodies fundamental relation­ships relevant to institutional choices. However, the Buchanan-Tullock model remains "general," thus inviting others to specify details and to develop...