Microfinance institutions are important, particularly in developing countries, because they expand the frontier of financial intermediation by providing loans to those traditionally excluded from formal financial markets. This paper presents the first systematic statistical examination of the...

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This study extends prior research on referee bias and close bias in professional soccer by examining whether Major League Soccer (MLS) referees' discretion over stoppage time (i.e., extra play beyond regulation) is influenced by end-of-regulation match scores and/or home field advantage. To do...

Using the political-economic history of the development of telephony during the 1870s as a backdrop, this paper studies a two-player Tullock contest that includes both research effort (R&D) and legal effort (i.e., rent-seeking effort). The two types of efforts complement each other and...

The relative bargaining power of the buyer and seller is a key feature of real estate pricing models. Classic real estate studies have sought to address bargaining effects in hedonic regression models. Prior research proposes a procedure to estimate bargaining effects in hedonic regression...

This study points out that changes in the format of the playoffs in the National Basketball Association have had the effect of lengthening the championship series and reducing the variance in the length of the series. These are valuable goals for the organization because they provide higher...

This paper describes the problem specification searches pose for inference, presents the results of some simulations for purposes of illustration, and uses the bootstrapping procedure to give a better estimate of statistical significance than a standard t-test. The value of the illustrations of...

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This study focuses on the effect on real estate prices of the oil spill in the Gulf of Mexico in 2010.  Based on previous studies on the effects of water contamination on real estate, it is likely that this oil spill, which was not capped for three months, had a drastic effect on real estate...

Examines the relationship between the marginal tax rate and usage of professional tax return preparation.