This paper measures the responsiveness of a public agency to changes in public opinion. In particular, it shows that the number of compulsory directives issued by the Federal Aviation Administration to the airline industry (a) rises following an increase in public concern over aviation safety,...

Limited consumer attention limits product market competition: prices are stochastically lower the more attention is paid. Ads compete to be the lowest price in a sector but compete for attention with ads from other sectors: equilibrium ad shares follow a CES form. When a sector gets more...

Closed-End Fund (CEF) discounts have intrigued researchers for decades. Of the many explanations offered, the behavioural framework of Lee <italic>et al</italic>. (1991), which posits noise traders subject to sentiment, is the most discussed. In this article, we contribute some novel evidence to the evaluation...

Although there are numerous studies of the dowry phenonmenon in India, research pertaining to the custom in the rest of South Asia is sparse. The aim of this paper is to study dowry payments in Pakistan. Several interpretations for dowry are distinguished using a simple theoretical framework and...