"This paper empirically tests whether capacity is used to deter entry and whether the amount invested in entry-deterring capacity is related to market concentration and market presence. We use a unique dataset containing 3,830 lodging properties in Texas from 1991 through 1997. We find that...

We consider issues of equality and efficiency in two different school funding systems -- a state-level system in Michigan and a foundation system in Ohio. Unlike Ohio, the Michigan system restricts districts from generating property or income tax revenue to fund operating expenditures. In both...

How well does the pivotal-voter model explain voter participation in small-scale elections? This paper explores this question using data from Texas liquor referenda. It first structurally estimates the parameters of a pivotal-voter model using the Texas data. It then uses the estimates to...

This paper empirically tests for a multidimensional separating equilibrium in contract negotiations and tests for evidence of the moral hazard inherent in many contracts. Using contract and performance data on players drafted into the National Football League from 1986 through 1991, we find...

To control the deer population, state game commissions regulate the types of deer that can be legally harvested. These regulations, however, might have an unintended effect on hunting-related accidents by changing the care hunters take when firing their rifles-a moral hazard effect-or changing...

This article examines a sequence of two bargaining games where a single buyer participates in both. The bargaining games are modeled with two-sided private information and are "linked" through the buyer's valuation, which is positively correlated across bargaining games. I empirically test the...

This paper explores a group rule–utilitarian approach to understanding voter turnout, inspired by the theoretical work of John C. Harsanyi (1980) and Timothy J. Feddersen and Alvaro Sandroni (2002). It develops a model based on this approach and studies its performance in explaining turnout in...

This paper uses data from Texas liquor referenda to explore a new approach to understanding voter turnout, inspired by the theoretical work of Harsanyi (1980) and Feddersen and Sandroni (2001). It presents a model based on this approach and structurally estimates it using the referendum data. It...

We evaluate the effect of alcohol access on drug-related crime and mortality using detailed information on access laws in Texas between 1978 and 1996. Counties with alcohol access have higher average levels of drug-related crimes. However, after controlling for both county and year fixed...

This paper develops a game-theoretic model that endogenizes the items included in the bargaining agenda. The model's equilibria suggest two possible sources of inefficiency: (1) exclusion of items from the bargaining agenda and (2) delay to agreement due to negotiations over the bargaining...