A cartel is a group of oligopolistic firms that agree to act collectively as a monopolist in some industry or economic enterprise. Discusses the social contract of the Southwest Conference (a legal cartel) using some of the principles of constitutional economics. Viewed from a contractarian...

As pointed out previously by economists, the implicit demand for cost‐saving information by potential buyers generates a derived demand for advertising by sellers. This study adds to the body of evidence that reveals the positive role of advertising in the market process. The evidence...

The present article analyzes signaling by elected officials of moderate or centrist legislative behavior from a benefits/costs perspective. To do so, we provide statistical evidence regarding the tendency of senators to join the U.S. Senate Centrist Coalition, a congressional membership...

This study examines the role that compensation plays in the self-selection process of legislator attributes in the U.S. Congress. The statistical results from the 104th Congress suggest that human capital levels of senators are significantly different from those of representatives, and this...

Sustainable investment in energy requires a favorable economic and regulatory environment. A random effects model (PLS estimations), using a four-year panel, reveals the growth rate in real per capita GDP for OECD nations as an increasing function of both economic freedom and regulatory quality....

Nearly 20 years ago, Mixon (1995) found that urban warming is positively related to the probability of an EPA citation for a violation of carbon emissions standards, whereas lobbying effort reduces the probability of such a citation. This study revisits the Mixon (1995) framework by using data...

This paper proposes a simple model to classify economists according to their preferences towards quality and/or quantity of their publications. When more emphasis is placed on quantity they are defined as r ‐strategists. When they put more effort in the quality of their papers targeting top...