This research investigates the relationship between public policy and firm deaths in the U.S. States. Policies that promote firm births may increase or decrease firm deaths. We use components of the Economic Freedom of North America index (EFNA) as a metric to evaluate the relationship between...

The Supreme Court in Kelo v. City of New London left protection of property against takings for economic development to the states. Since Kelo, thirty-seven states have enacted legislation to update their eminent domain laws. This paper is the first to theoretically and empirically analyze the...

We compare hedonic price models estimated with spatial statistics in order to examine the impacts of four different types of neighborhood spatial association: age, education, income and racial clustering. Using Getis and Ord’s (1995) Z(Gi*) as an indicator of spatial clustering, we estimate...

This study examines seven basic theories of dividend policies in bank holding companies during the worst recession since The Great Depression. Data is obtained from Uniform Bank Performance Reports for 2008 where large losses were reported for the US banks. Previous studies found that the...

We examine the impacts of different open space amenities on sales prices of developed and undeveloped land in two time periods ten years apart in a rapidly urbanizing county in central Ohio. Buffers within 0.25 and 0.5 miles are created that include percentages of agricultural, residential, park...

The purpose of this paper is to determine the impact of real estate agents on the price of houses that are located close to an environmental disamenity using Rosen's (1974) hedonic price model. Our main hypothesis is that real estate agents obtain higher prices than those theoretically expected...

In their survey of the legislator shirking literature, Bender and Lott (1996) point to 4 areas of relative consensus regarding legislator voting: 1. legislators almost always represent their constituents' interests, 2. when legislators do diverge from constituent interests, the adverse economic...