Payout policy is one of the most important policies set by firms and represents a major use of capital by publicly traded corporations. Firms should consider future economic activity and future firm performance when determining payout policy choices, given they are cash outflow commitments from...

Intro -- Benjamin M. Anderson, Economics and the Public Welfare -- Front Matter -- Title Page -- Copyright Details -- Table of Contents, p. 5 -- Foreword by Arthur Kemp, p. 9 -- Preface, p. 13 -- Economics and the Public Welfare -- Part I. World War I -- The Prewar World, 1913, p. 21 -- The...

Prior to the 2012-13 season, NFL franchises had the option to significantly adjust their TV blackout policies for the first time since 1973. Using data from team policy choices and local TV blackouts during the 2007-08 to 2014-15 seasons, we examine whether the policy change was effective in...

While at least a dozen state legislatures in the United States have recently considered bills to allow the consumption of marijuana for medicinal purposes, the federal government is intensifying its efforts to close medical marijuana dispensaries. Federal officials contend that the legalization...