A common explanation for the prevalence of "just-below" pricing is that consumers irrationally perceive a price such as $9.99 as significantly lower than $10. This paper offers an alternative explanation that preserves rationality: rational consumers may not include price endings in their...

This paper examines the determinants of the U.S. House of Representatives 1996 vote on the "The Immigration in the National Interest Act." Public choice theory suggests that the voting behavior of legislators is affected by the interests of their constituencies, special interest politics, and by...

This paper suggests a new tool for evaluating the influence of living economists: references in recent introductory economics textbooks. A distinction is made between influence and reputation. Lists of names generated by standard citation indexes may be useful as a proxy for "reputation." Using...

The purpose of this paper is to distinguish the separate effects of actual and potential competition on fares using a more realistic and detailed representation of the latter than in previous studies. An investigation of routes involving the St. Louis hub demonstrates that routes with a hub at...

Deindustrialization, a decline in union membership, maturation of baby-boomers, shorter working hours and increasing numbers of families headed by women and blacks have all been cited as causes of the "shrinking of the middle class." Simultaneously testing these hypotheses, we find that the...