Economic Inquiry

Articles from Vol. 44, No. 2, April

Birth Order and Risky Adolescent Behavior
I. INTRODUCTION There is a widespread belief that birth order is an important determinant of personality, intelligence, and economic success. This belief is supported by a number of recently published popular books, each with its own approach to...
Did the Euro Foster Online Price Competition? Evidence from an International Price Comparison Site
I. INTRODUCTION The Euro became a reality for consumers in 12 nations on 1 January 2002, when it was introduced for retail transactions in all the participating countries. (1) Prior to this, retail transactions were conducted in local currencies....
Lessons from a Failed Airline Auction
I. INTRODUCTION In October 1995, USAir (the United States' fifth-largest airline at the time) approached American Airlines first and then United Airlines about a possible buyout. American declined to bid, as did United. However, Ziemba (1995) reported...
Returns to Skills and Personnel Management: U.S. Department of Defense Scientists and Engineers
I. INTRODUCTION Labor economics research has documented important changes in the structure of wages in the 1980s and 1990s. (1) Private-sector labor-market returns to various measures of skills increased dramatically. For example, the college wage...
Smoke-Free Air Laws, Cigarette Prices, and Adult Cigarette Demand
I. INTRODUCTION According to the Centers for Disease Control and Prevention (CDC 2002a), cigarette smoking is responsible for more than 430,000 premature deaths each year in the United States. As such, it represents the single largest cause of preventable...
Sunk Costs, Profit Variability, and Turnover
I. INTRODUCTION The dynamic competitive approach to the study of industrial organization highlights the role of sunk costs and the associated hysteresis effects in determining how industries behave over time. The theoretical models are inherently...
The Effects of Discretionary Federal Spending on Parliamentary Election Results
I. INTRODUCTION Three compelling reasons to expect that discretionary federal spending will have a different impact on incumbent majority and opposition candidates in the Canadian parliamentary system of government are: only the prime minister and...
Tracking Customer Search to Price Discriminate
Suppose that every time you walked around the mall, somebody put a bar code on your shoulder and, as you walked into the shops in the mall, someone came up and scanned your shoulder and got the number ... went to a database, saying, "Ah, yes, that's...