Despite of 'dot.com and high technologies crisises, online advertising continues to grow by steady rates. So, according to The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) [1] the online ad spending grows over 20% in 2003. The IAB and PwC officially reported that online ad revenues in the US grew by 38% in Q4 of last year totaling $2.2 billion. Online ad revenues for th...

We examine bidding behavior in a clock auction in which price is set by the lowest-accepted bid and provisional winners are reported each round (the LABpw auction). This format was used in the India 3G spectrum auction. In the standard theory, the auction performs poorly. In particular it yields lower revenues and is less efficient than the more standard clock auction with exit bids and highest...

Gambling opportunities are expanding rapidly in the U.S. Mid-Atlantic area. Fifteen gambling venues have opened since 1996. The introduction of these venues has the potential to shift the balance of gambling activity away from New Jersey, which had enjoyed a monopoly position in the area for decades. Delaware and, more recently, Pennsylvania have entered the marketplace, raising the question of...

All good medical journals require editors, authors, and peer reviewers to declare their financial conflicts of interest. But few hold themselves, as organisations, to similar levels of accountability. Last year, BMJ’s executive committee (on which FG sits) decided to declare all revenues received from the drug and device industries. To our knowledge, no other major biomedical publisher declares...

The overall goal of this study is to forecast both toll revenues and operational impacts associated with congestion pricing strategies, alone or in conjunction with other operational measures. This project showcases the integration of an Activity-Based Model (ABM) and Dynamic Traffic Assignment (DTA) tool in one coherent modeling framework for implementation and evaluation of congestion pricing...

Under what is known as the situs rule, a 1 percent locally levied sales tax is collected by the state but returned to the jurisdiction where the sale occurred. Thus, the situs rule gives cities an incentive to promote the location of retail businesses within their boundaries—an incentive that does not exist for residential or industrial development. Although sales taxes are a modest share of to...

We provide a detailed discussion of the time series modelling of daily tax revenues. The main feature of daily tax revenue series is the pattern within calendar months. Standard seasonal time series techniques cannot be used since the number of banking days per calendar month varies and because there are two levels of seasonality: between months and within months. We start the analysis with a p...

Alberta government resource revenues are highly volatile. Adjustment of government spending to shifts in revenues imposes social and economic costs. To limit the impact of revenue volatility, many jurisdictions have established revenue stabilization funds. There is little empirical evidence on whether these funds improve welfare or whether some fund designs increase welfare by more than others....