Researchers often report point estimates of turning point(s) obtained in polynomial regression models but rarely assess the precision of these estimates. We discuss three methods to assess the precision of such turning point estimates. The first is the delta method that leads to a normal...

There are three separate strands of literature in economics that are related to the efficiency of takings under eminent domain: one addresses the question of optimal compensation for properties that are taken, the second inquires how governments might learn the values of properties that they...

We estimate the frequencies with which ten voting anomalies (ties and nine voting paradoxes) occur under 14 voting rules, using a statistical model that simulates voting situations that follow the same distribution as voting situations in actual elections. Thus the frequencies that we estimate...

One criterion for evaluating voting rules is the frequency with which they select the best candidate. Using a spatial model of voting that is capable of simulating data with the same statistical structure as data from actual elections, we simulate elections for which we can define the best...

The Borda Compromise states that, if one has to choose among five popular voting rules that are not Condorcet consistent, one should always give preference to the Borda rule over the four other rules. We assess the theoretical as well as the empirical support for the Borda Compromise. We find...

We describe a mechanism for government taking under uncertainty that provides incentives for governments to make efficient taking decisions and for property owners to use their properties efficiently. We argue that efficiency in takings requires that governments not only pay the value of...