Several articles find no support for the LOP in commodity markets. A few articles find some support. Rejecting the LOP would strike at the heart of economic theory. Rejection would suggest that firms do not maximize wealth and households do not maximize utility. Our objective is to show how four...

To understand the issues involved, leading lawyers and economists examine various facets of the child support system from a law and economics perspective. They consider the incentives faced by both custodial and non-custodial parents, and search for policy actions that are more...

The war on drugs has placed new pressures on the criminal justice system. In recent years, arrests for drug violations have been growing more rapidly than arrests for the FBI index crimes in both the United States as a whole and California. By the year 1988, in California, the ratio of adult...

This study postulates that youths remain in the labor force so long as the number of weeks they have employment exceeds the number they consider as minimally acceptable. Such a threshold level of weeks worked can be related to the notion of a reservation wage. Prior employment or experience...