In this study we examine the impact of lottery sales and the introduction of new lottery games on the retail activity using panel data on all West Virginia counties over the 1987-2001 period. We find that the introduction of video lottery spurred retail activity in those counties that have been granted the authority to offer video lottery. Empirical analysis also suggests that there is a positi...

The East German Wage Structure after Transition We extend the literature on transition economies’ wage structures by investigating the returns to tenure and experience. This study applies recent panel data and estimation approaches that control for hitherto neglected biases. We compare the life cycle structure in East and West German wages for fulltime employed men in the private sector. The pa...

Land reforms in developing countries provide a good experiment for study on development economics, and in the case Taiwan the land reform provides specific historical context for us to closely examine the relationship between redistribution and growth. In this paper, we use panel data on the fifteen counties of Taiwan around 1950s and 1960s to empirically evaluate whether redistributive land re...

What is a fiscal consequence of legislative term limits? We develop a legislative bargaining model that predicts a u-shaped relationship between the level of seniority within a legislature and government spending. The size of government spending decreases as the level of seniority increases from low tomoderate, while it increases as the level of seniority increases from moderate to high. The mo...

Most empirical studies of individual migration choice analyse factors associated with out-migration from an origin location. In contrast, we model the migration decision within the context of potential destinations, combining British panel data over the period 1992–2007 with other data sources. Contrary to earlier micro studies we show that differences in house prices levels (but not growth) ar...

We present evidence on the duration of firm-bank relationships using a unique panel data set of connections between Oslo Stock Exchange-listed firms and their banks for the period 1979-1994. We focus on the determinants of the duration of a relationship and the causes for ending an existing bank relationship. We find that duration itself does not greatly influence the likelihood of ending a rel...

In the era of globalisation and with the advent of knowledge economies, organisational innovation has assumed a critical role in enhancing economic performance of ̄rms. Proponents of the Resource Based View of the ̄rm and its more recent extensions such as the Knowledge Based View and Dynamic Capabilities Theory have suggested that generation, di®usion and application of organisational knowledg...

Empirical evidence is provided for the importance of pro-social behavior of individuals in an anonymous, n-person public good setting. A unique panel data set of 136,000 observations is matched with an extensive survey. Even under anonymous conditions, a large number of individuals are prepared to donate quite a significant sum of money. Cooperation conditional on giving by specific other perso...

A strategy to convert quotas to tariffs is to auction the quota rights and use the realized auction prices as guides to setting tariffs. In the 1980s, New Zealand employed auctions to allocate quota licenses. We analyze the relationship between tariff-equivalents and auction prices for auctions with resale. Using panel data from New Zealand’s quota license auctions, we estimate the expected val...