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Many disputes between buyers and sellers concern product quality and whether a claim of poor product performance is covered by a warranty issued by the seller. We develop an analytical framework in which average product quality, buyer preferences, production and transaction costs, and the extent...
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<ItemContent> The spatial location of candidates is important in determining the pattern of campaign contributions. Many PACs and all PAC types, except agricultural cooperatives, contribute in a manner highly consistent with a simple spatial model. There is little giving by an individual PAC to candidates at...</itemcontent>
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Few empirical strategies have been developed that investigate public provision under majority rule while taking explicit account of the constraints implied by mobility of households. The goal of this paper is to improve our understanding of voting in local communities when neighborhood quality...
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