Administrative agencies frequently use guidance documents to set policy broadly and prospectively in areas ranging from Department of Education Title IX enforcement to Food and Drug Administration regulation of direct-to- consumer pharmaceutical advertising. In form, these guidances often closely resemble the policies agencies issue in ordinary notice-and-comment rulemaking. However, guidances ...

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 ...

JEL Classification J33, L85, M52. This study investigated the effects of salary structure, performance requirements, and type of business on the performance of housing agents. The participants in the study survey consisted of the employees of real estate firms in Kaohsiung, Taiwan. Restricted and unrestricted regression models were used to compare the goodness-of-fit of the regression models. A...

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...

This paper briefly reviews the development of earthquake resistant design of buildings. The state-of-the-art of seismic design is discussed from the viewpoint of the performance criteria of buildings. These are (a) serviceability from frequent minor-intensity earthquake motions, (b) repairability from an infrequent but major-intensity earthquake motion, and (c) life safety from the maximum poss...

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