Labor market discrimination and racial segregation can be viewed as part of a more general tendency for residents of a community to limit the community's size or its factor-ownership composition. Statutory segregation is motivated not only by racial prejudice, but also by a desire to maximize...

We address empirically the question of why international economic sanctions are, or are not, chosen as instruments of foreign policy and the question of what determines their success. We hypothesize that cultural linkages between nations are an important factor in explaining both instrument...

Small radio markets are characterized by less format variety and lower listening shares than larger markets. It is frequently argued that lack of format variety causes low listenership and that small markets consequently are underserved by commercial radio. However, if format variety is treated...

In many states, standardized tests are used to hold schools accountable for student academic achievement. To motivate improvement in test scores, financial awards are given to teachers and administrators in schools that show the greatest gains. However, failure to adjust for initial conditions...

A farmer's crop mix is affected by the expected relative prices of the crops. A price forecasting error results in economic loss from planning a suboptimal mix. A new method of estimating economic loss due to forecasting error indicates that economic loss increased during the height of the...

Legal segregation was a fact of life for blacks in the American South during the first half of the present century. These laws are sometimes compared to South African apartheid. However, there seems to be one important difference: Jim Crow, unlike apartheid, did not directly hamper the ability...

The band Third Eye Blind recently completed a tour, selling tickets exclusively on eBay. Many tickets were bundled with either VIP passes or autographed posters. These data are used to measure variations in price across different markets, as well as the premiums paid for different ticket types....