This brief note develops a pedagogically useful new (albeit still rudimentary) way of teaching the free-rider concept. This simple approach applies the familiar tools of indifference curve analysis to the topic at hand. Since so many students of economics are well versed in indifference curves,...

This study empirically identifies factors that influenced geographic differentials in the bank closing rate in the United States over the period 1982 through 1990. Given the presence of censored data, the model adopts the tobit estimation procedure. The bank closing rate in a state is found to...

This study investigates the impact of federal budget deficits on both short-term and long­-term interest rates from 1971 to 1984 within an open IS-IM model that includes net international capital inflows. Two time periods are examined using quarterly data: 1971.4 to 1984.4 and 1979.4 to 1984.4....

The present paper examines the impact that budget deficits exercise on economic growth in the United States. Using a simple growth model that includes a variety of public policy variables, we provide Instrumental Variables (IV) estimates that indicate growth in the United States over time. The...

Abstract This study empirically investigates the extent of non compliance with the tax code and the determinants of federal income tax evasion in the U.S. Employing the most recent data we find that 18-19% of total reportable income is not properly reported to the IRS, giving rise to a “tax...

Abstract This study empirically investigates the extent of noncompliance with the tax code and examines the determinants of federal income tax evasion in the U.S. Employing a refined version of Feige’s (1986; 1989) General Currency Ratio (GCR) model to estimate a time series of unreported income...

The adverse effects from cigarette smoking account for an estimated 400,000 deaths annually in the U.S. Given this circumstance, the present study has two objectives. First, using a panel data-set for a very recent time frame, it seeks to investigate the impact of federal plus state cigarette...

This study of the impact of economic freedom on per capita real GDP among OECD nations over the 2003-2006 period, with each OECD nation during this time frame being treated as a de facto “economic region” within the OECD, finds strong initial support for the hypothesis proffered here that...

In this first-time-ever such study of the adult female population in the state of Florida, the percentage of the women 18 to 44 years of age within each county in the state of Florida in 2007 who had received a Pap smear during the past year was a decreasing function of the percentage of women...

This note seeks to add to the literature on geographic living-cost differentials by investigating the determinants of geographic living-cost differentials among the 67 counties in the state of Florida for the year 1988. In addition to certain variables suggested in the existing literature, the...