Good estimates place 'hard core' smoking rates in the United States at approximately 25%, with little change over the decade of the 1990s. This paper examines the possibilities of 'harm reduction' with the use of smokeless tobacco. Specifically, using an econometric model we seek to determine...

With third country bonds added to the monetary model of exchange rate news, third country news would have a theoretical effect on exchange rate news. The present paper uncovers empirical evidence of third country (USA) news for a number of exchange rates. Further, insignificant income, interest...

Using a point-to-point model of toll demand, this paper provides estimates of own-price demand elasticities for international message telephone service. The study improves on previous studies by using more recent data and endogenizing price. Consistent with earlier studies, the demand for IMTS...

In sweeping revisions the US Telecommunications Act of 1996 relaxed rules respecting broadcast TV ownership regulations. In particular Congress directed the Federal Communication Commission (FCC) to conduct a rulemaking on whether the 'duopoly rules' preventing businesses from owning multiple...

The Davis-Hinich multidimensional model of electoral competition is the foundation for a very broad set of models in economics, political science, public choice and political economy. This essay reviews some of these models and how they build on and extend the original Davis-Hinich model. It...