Professional sports are characterized by an abundance of information on worker productivity and severe consequences for failure. Consequently, one would expect information to be processed efficiently in this industry. Recent research indicates, though, that decision makers in professional sports...

The strong version of the Coase Theorem suggests that in the absence of transactions costs, the distribution of resources is invariant to the assignment of the rights to those resources. While the theoretical work that underlies the Theorem is vast, the empirical work is less available. The...

Coalition offensive operations in Iraq seek to disrupt insurgents and their networks, but may also act as a recruitment tool for the insurgency. We use data from Coalition press releases and casualty reports to assess the total impact of these operations. We find that two additional offensive...

The present paper incorporates a rolling regression approach to examine the sensitivity of output responses to monetary shocks. In doing so, the paper finds that the impact of monetary shocks is highly variable. Specifically, the output responses are estimated to be significant during the 1970s...

The Coase theorem maintains that where free-market precepts exist, the allocation of property rights does not impact the distribution of resources. An application to Major League Baseball suggests that institutions such as free agency and the reverse-order amateur draft would not impact player...