Währungssubstitution und Geldnachfrage in den USA, Deutschland und Japan Geldnachfragefunktionen für die USA, die für die späten fünfziger Jahre und über die sechziger Jahre gute Erklärungen lieferten, führten ab 1974 zu erheblichen Überschätzungen der Geldnachfrage. Dieses Rätsel...

Ein monetaristischer, vermögenstheoretischer Ansatz zur Bestimmung des Wechselkurses: Empirische Ergebnisse seit 1973 Fast jeder Ökonom bestätigt, daß monetäre Faktoren den Dollarpreis der Weltwährungen beeinflussen. Weniger einmütig ist man sich jedoch, wenn es um die Frage geht, wie...

This paper examines public financing of professional sports facilities with a focus on both early and recent developments in taxpayer subsidization of spectator sports. The paper explores both the magnitude and the sources of public funding for professional sports facilities.

This paper examines public financing of professional sports facilities with a focus on both early and recent developments in taxpayer subsidization of spectator sports. The paper explores both the magnitude and the sources of public funding for professional sports facilities.

Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. For this reason, cities and countries compete vigorously for the right to stage these spectacles. Recently,...

This paper provides an empirical examination of the 2002 Winter Olympic Games in Salt Lake City, Utah. Our analysis of taxable sales in the counties in which Olympic events took place finds that some sectors such as hotels and restaurants prospered while other retailers such as general...

This paper examines issues related to the economic impact of sports championships on the local economy of host cities. While boosters frequently claim a large positive effect of such championships, a closer examination leads to the conclusion that the impact is likely much smaller than touted...

It has been widely observed that the price of celebrity memorabilia rises around the time of that person’s death. Previous authors attribute this “death-effect” primarily to expectations on the part of collectors concerning the future supply of collectibles about the public figure as...