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 U.S. textile industry's quest for import restraints. It considers significant legislation and voting patterns in Congress during the last decades of the 20th century. The following is an abridged version of the paper presented at the 12th International Conference,...

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...

John Taylor’s rule for setting interest rates provides a framework for studying the global monetary policy generated by individual countries pursing their own policy goals. The study reflects the global nature of monetary policy by modeling an aggregate short-term interest rate as a function...

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 field of behavioural finance is well established. Studies of housing bubbles are less common than studies of equity overvaluation and studies of the behavioural aspects of real-estate pricing are rare. This article examines the housing market from 1987 to the present with particular...