This paper uses an unusually rich sample of liquor brands in the U.S. over the period 1994 to 2004 to test the substitutability of advertising media. The liquor industry in the U.S. has experienced a substantial increase in case sales and advertising expenditures since the mid-1990s, raising...

Cover -- Half Title -- Dedication -- Title -- Copyright -- Contents -- List of Tables -- List of Figures -- Acknowledgements -- Introduction -- The Research Question -- Outline -- 1 Rate-of-Retum Regulation -- 1.1 Rate-of-Retum Regulation in the Gas, Telephone, and Electric Industries -- 1.2 The...

This paper introduces a new comprehensive panel of annual state-level income inequality measures spanning the postwar period 1945-2004. For many states, the share of income held by the top decile experienced a prolonged period of stability after World War II, followed by a substantial increase...