The auto racing industry has grown to be one of the most popular forms of sports entertainment. In fact, The National Association for Stock Car Auto Racing's (NASCAR) Nextel Cup racing series is the fastest-growing spectator sport in the nation. Its television ratings are the second highest in major sports, with network coverage that attracts fans from all states and all walks of life. Economists have been researching the economic impact of sports on society for several years (Leeds, 2002; Fort, 2003). However, while many college-level books and journal articles on sports economics have been published (Downward & Dawson, 2000; Alexander, D.L., W. Kern, & J. Neill, 2000), there is no definitive curriculum available to teach sports economics to grades K-12. This article presents a...
Introduction. I. A Brief Preface to Behavioral Law & Economics. II. Perception of Self Commitment. A. The Sunk Cost Effect . B. Cognitive Dissonance . C. The Confirmation Bias. D. The Low-Ball Technique . E. Specific Contract Terms . 1. Rent-to-Own Transactions and Periodic Payments Terms. 2. Unilateral Modification Terms . III. Distortion and Misperception of Contractual Risks. A. Low-Probability Risks . B. Availability Cascades. C. Self Serving Biases . D. Consumption Culture . IV. Emotional Stress and Consumer Harassment . A The Theoretical Background. B. Consumer Contracts Settings. 1. Time Limit and Noise Distraction . 2. Other Consumers and Seller´s Attitude . C. Online Consumer Transactions. V. Information Overload. A. Information Search and Disclosure. B. Information Processing...
Several recent articles illustrate the range of actuarial problems that economic and financial experts may encounter in litigation. James Rodgers (2002) and Barry Ben-Zion (2002) have stressed the importance of using appropriate methods and tools for valuing loss of pension benefits. Anthony Riccardi and Thomas Ireland (2003) made use of some basic actuarial mathematics to demonstrate the advantages and disadvantages of various kinds of structured settlements in resolving issues in the replacement of earning capacity and in providing for future life care. With a good actuarial software package it is a simple matter to perform basic actuarial calculations such as the present value of a deferred single life annuity or the present value of a deferred joint life annuity. The author would fu...
Introduction. I. What Counts For Academic Scholars?. II. Where do Law And Economics Scholars Come From?. A. Method. B. The Data. III. Discussion. A. Lawyers who Choose Law and Economics. B. Economists who Choose Law and Economics. C. Additional Comments. Conclusion. Appendix.
... of economists in authoring L&E articles is only two times higher in the United States than...
This article outlines findings from the judgment and decision making (JDM) and behavioral-economics literatures that highlight the many behavioral impediments to saving that individuals may encounter on their way to financial security. It discusses how behavioral and psychological issues, such as self-control, emotions, and choice architecture can help policymakers understand which factors, aside from purely economic ones, may affect individuals' savings behavior.
We are extremely proud to be partnering with TheLoop21.com. Their in-depth analysis of economics and politics will enhance the editorial product for our users. The articles found on TheLoop21.com fit in nicely with our current editorial direction, which is to bring voices from the margins to the center on the web in spaces that are often overlooked as it relates to Black populations. TheLoop21.com will add value to our site because of the insightful, critical and provocative nature of their articles," says RushmoreDrive.com Vice President Products & Content Kevin McFall. RushmoreDrive.com, a search engine for the Black community and TheLoop21.com , a web site that provides in-depth analysis of economics and politics, have joined together to bring news and commentary from a Black pe...
In part IV of a series of articles, Williams talks about economics for the citizen. He says that the fact that sellers charge people different prices for what often appear to be similar products is related to a concept known as elasticity of demand. It's a matter of substitutes for the good or service in question and the buyer's willingness to pay a higher price.
The purpose of this article is to investigate . For this we look at existing literature from the disparate fields in which multinationals and emerging markets have been explored in the last forty years (1968-2008). The paper finds that there is a plethora of material on multinationals and emerging markets and our bibliographical search resulted in 1,282 articles with 2,174 authors published in 514 journals. The three dominant disciplines and their underlying journals are management, business and economics accounting together about seventy percent of all publications. In the case of the management and business journals, the top ten percent account for fourty-three percent of all publications and fifty percent of all citations. T...
A professor of economics at Georgetown for more than three decades, Dr. Dobriansky was the author of many articles and books on Soviet Russia and communism, including The Vulnerable Russians and U.S.A. and the Soviet Myth.
... and book chapters as well as numerous articles in academic journals, including Academy of Managem...
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