Both the popular press and industry insiders have claimed that the growing gap between the "rich" and "poor" teams in major league baseball has led to a greater disparity on the field of play and that the eventual outcome of this gap will be lower attendance. The purpose of this inquiry is...

Several recent studies suggest the presence of point shaving in NCAA college basketball. While similar asymmetric incentives between athletes and gamblers exist, evidence for point shaving in college football does not appear to exist.

This paper investigates the possible existence and timing of structural breaks in public infrastructure investment in the US. Results are obtained using both the conventional Chow tests as well as the multivariate Bai, Lumsdaine and Stock tests which are more appropriate for finding breaks in...

We examine whether survey data supports the anecdotal evidence which suggests that group association impacts the individual’s stated beliefs. Specifically, we examine whether a rise in the relative importance of a single issue, i.e., national security, blurs the traditional importance of...

The dynamic relationship between wages and prices has long held a central place within the economic literature. Most macroeconomic models make assumptions as to the causal relationship between the two variables. Unfortunately, empirical investigations have produced widely divergent results. In...

A large body of literature investigates whether a stable and predictable long-run association between money and its arguments exists. One point of variation between models is whether to include an interest rate measure directly within the long-run relationship. Several recent studies indicate...

Consistent with neoclassical growth models, recent estimates of the close association between domestic saving and investment rates may allow policy makers the opportunity to alter investment through the introduction of polices that alter domestic savings. However, such an interpretation presumes...