Good estimates place 'hard core' smoking rates in the United States at approximately 25%, with little change over the decade of the 1990s. This paper examines the possibilities of 'harm reduction' with the use of smokeless tobacco. Specifically, using an econometric model we seek to determine...

With third country bonds added to the monetary model of exchange rate news, third country news would have a theoretical effect on exchange rate news. The present paper uncovers empirical evidence of third country (USA) news for a number of exchange rates. Further, insignificant income, interest...

Using a point-to-point model of toll demand, this paper provides estimates of own-price demand elasticities for international message telephone service. The study improves on previous studies by using more recent data and endogenizing price. Consistent with earlier studies, the demand for IMTS...

In sweeping revisions the US Telecommunications Act of 1996 relaxed rules respecting broadcast TV ownership regulations. In particular Congress directed the Federal Communication Commission (FCC) to conduct a rulemaking on whether the 'duopoly rules' preventing businesses from owning multiple...

The Davis-Hinich multidimensional model of electoral competition is the foundation for a very broad set of models in economics, political science, public choice and political economy. This essay reviews some of these models and how they build on and extend the original Davis-Hinich model. It...

This memorandum will very briefly present the author's overall observations about the experience of the Dispute Settlement (DS) System of the World Trade Organization (WTO) this far.Abstract: Este reporte presentará brevemente observaciones generales del autor sobre el Sistema de Solución de...

Hurricane Katrina devastated the Louisiana and Mississippi Gulf Coast. The casino industry, especially in Mississippi, suffered staggering losses. We describe the industry's losses and provide data on the industry before and after Katrina. Following previous research which has indicated that...

This paper discusses the usefulness of indepth life history interviews in illustrating the role of social structure and human agency in youth transitions. Drawing on sociological theory and youth transition research, the paper highlights how the role of structure and agency has been perceived by...

We develop a model to forecast the Federal Open Market Committee's (FOMC's) interest rate setting behavior in a nonstationary discrete choice model framework by Hu and Phillips (2004). We find that if the model selection criterion is strictly empirical, correcting for nonstationarity is...

Using a time series of 50 years, the relationships between investment by telecommunications firms and Gross Domestic Product in the United States are examined. Granger-Sims causality tests are conducted, with proper allowance for both the non-stationarity of the data and lag length. These tests...