Corruption is now recognized to be a pervasive phenomenon that can seriously jeopardize the best-intentioned reform efforts. This paper presents an analytical framework for examining the role basic market institutions play in rent-seeking and illicit behavior. The empirical results suggest that...

This note reports on an empirical exercise designed to examine the connection between a student's decision on test-taking time and resulting test scores. Based on a small sample of microeconomics principles students observed over several tests, evidence is found supporting a positive impact of...

It is well known that, in general, there are a multitude of supergame equilibria in noncooperative duopoly markets, suggesting the inability (without severe restrictions) of theory alone to determine the 'best' strategy in a repeated game context. Axelrod's prisoner's dilemma simulation...

In previous work, little evidence of share-price response to Australian price-fixing investigations was found. However, these investigations often involve a small part of a company's operations and antitrust penalties have tended to be relatively small; in fact, some weak support was found for a...

<Para ID="Par1">Title charges are costs that are related to establishing and insuring title in a real estate transaction. These charges vary considerably and include title insurance premiums and other fees involved in closing a mortgage loan. This study analyzes the variation in title charges using data from...</para>

Many empirical studies have shown negative abnormal returns to occur shortly after a once promising merger is consummated. There are few consistent explanations for the poor performance of so many mergers. This article considers mergers of concern to antitrust authorities to examine how...

Although antidumping duties are instruments of trade policy, they are motivated by and have potentially significant impacts on domestic industry interests. The articles in this special issue provide evidence on the effects of antidumping on domestic firms and import patterns; in particular, they...