This feature explores the operation of individual markets. Patterns of behavior in markets for specifi c goods and services offer lessons about the determinants and effects of supply and demand, market structure, strategic behavior, and government regulation. Suggestions for future columns and comments on past ones should be sent to James R. Hines Jr., Professor of Economics, University of Mich...

Environments for Safety Regulations A common factor in whether regulation is used is the seriousness of the outcome being addressed in terms of human health. For this reason regulation is more common in transportation and the workplace, where the potential for fatal injury is perceived to be relatively great, and less common in the home and in sports environments, where the potential for fatal ...

Despite decades of research on social capital, studies that explore the relationship between political institutions and generalized trust-a key element of social capital-across time are sparse. To address this issue, we use various cross-national public-opinion data sets including the World Values Survey and employ pooled time-series OLS regression and fixed- and random-effects estimation techn...

T his feature explores the operation of individual markets. Patterns of behavior in markets for specific goods and services offer lessons about the determinants and effects of supply and demand, market structure, strategic behavior, and government regulation. Suggestions for future columns and comments on past ones should be sent to James R. Hines Jr., c/o Journal of Economic Perspectives, Depa...

The debate over the impact of government regulation on innovation in the United States is framed in the context of the gradual decline of economic regulation since the 1960s, and the gradual increase in social welfare regulation over the same period. Fueling much of the economic deregulation movement has been classical economic theory, which holds that regulation imposes a cost burden on firms,...

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BACKGROUND Targeting of marginalized groups with aggressive tobacco marketing has been identified as exacerbating health disparities. However, interpretation of such targeting by groups varies, from surprise and outrage to regarding such marketing as evidence of social legitimacy. We sought to learn how an often-overlooked marginalized group, older adults, would respond to industry documents of...

Several studies have sought to establish the link between the characteristics of a corporation and the audit fees charged by its auditor. Many studies have tried to discover whether auditor specialization affects audit fees. Other research has attempted to discover the effects of government regulation on fees. The impact of risk on audit fees has also been examined, but has proved to be an elus...

In the Netherlands, the second decade of the nineteenth century not only saw the end of the socalled 'French period', but also the publication of a Dutch version of Lindley Murray's English Grammar. Is there any relation between the two ? One might argue that there was. In 1795, when Murray's English grammar was published in York, the federalist Republic of the Seven United Provinces was transf...

Fannie Mae and Freddie Mac, the two large government-sponsored enterprises (GSEs) that are at the center of US residential mortgage finance, are “elephants in the room” that are being ignored as part of broad-brush financial sector reform. Neither the Dodd–Frank Act nor recently proposed overhauls of Dodd–Frank have addressed reform of the GSEs’ structures, although the GSEs were placed in gove...