The adaptability of irrigated agriculture in the High Plains region of Texas in the 1970-80 period is analyzed by estimating Allen partial elasticities of substitution for five key inputs (water, labor, center pivot, furrow and wheel roll systems) used to produce two crops (cotton and grain...

We utilize time series tests to investigate if Barry Bonds’ batting has a deterministic or stochastic trend and to test if structural breaks occur. Bonds’ monthly on base percentage plus slugging percentage (OPS) is examined from 1986 to 2007. We find that Bonds’ OPS is stationary around...

The trading of permits has been a significant innovation in controlling pollution in the past two decades. Ando and Ramirez Harrington (2006) developed an informative classroom exercise demonstrating the effectiveness of a tradable permits market. We provide three additional pedagogical tools...

Abstract: Using 1994-1995 and 2002-2003 data, Nieswiadomy (1998, 2006) found that economics majors scored well on the LSAT. These results are frequently posted on university web sites by Economics and other departments. This note, which updates the prior studies using current 2007-2008 data for...

We introduce a simple but particularly compelling prisoner's dilemma classroom experiment that can be used in a variety of settings to demonstrate issues surrounding cooperative behavior (e.g., oligopoly, advertising, and public corruption). The prisoner's dilemma occurs in all 21 class sections...