The growth effects of sport franchises,stadia, and arenas

This paper investigates the relationship between professional sports franchises and venues and real per capita personal income in 37 standard metropolitan statistical areas in the United States over the period 1969 to 1994. Our empirical framework accounts for the entry and departure of professional football, basketball, and baseball franchises; the construction of arenas and stadia; and other sports related factors over this time period. In contrast to other existing studies, we find evidence that some professional sports franchises reduce the level of per capita personal income in metropolitan areas and have no effect on the growth in per capita income, casting doubt on the ability of a new sports franchise or facility to spur economic growth. We also find evidence that results obtained from estimating reduced‐form relationships, a common practice in the literature, are not robust to alternative reduced‐form specifications. © 1999 by the Association for Public Policy Analysis and Management.     

Why does government produce national defense?

Economists argue that government produces national defense because it is a public good, and markets fail to produce public goods optimally. This argument has two shortcomings. First, it relies on different assumptions of individual behavior in the private and public sectors. Second, it assumes that government has a comparative advantage in the production of public goods, despite evidence to the contrary. Employing the standard assumption of self-interested behavior for both private sector and public sector individuals, government has an incentive to produce national defense because by doing so it is protecting its source of income: its tax base. Incidentally, citizens benefit from the exchange of protection for tribute because their assets are protected.     

The Most Unique of all Unique Species

This article identifies the shortcomings of “orthodox neo-Darwinians” such as Richard Dawkins, George Williams and Daniel Dennett in their efforts to describe human nature and human pro-social behavior. As an alternative to the views of these thinkers, the efforts of Peter Richerson, Robert Boyd, and other “dual inheritance” theorists to describe the evolution of human nature are also characterized. It is argued that dual inheritance theorists have surpassed the orthodox neo-Darwinians in their explanations for very important and uniquely human features such as our extensive sociability, complex cumulative culture and morality.

An estimation of the lag structure of the economic impact of an oil embargo

A number of economic models have been used to estimate the economic losses resulting from oil embargoes, but they have not been able to provide good answers about how quickly an economy would recover once the embargo was over. This study uses a phase lag analysis to estimate the lag structure of an embargo, and concludes that the major economic effects should be expected to disappear about six weeks after an embargo ends.The views expressed in this paper are those of the authors and do not necessarily reflect the position of the Department of Energy.     

Books in review

the author of numberous works in U.S. Jewish history and culture. Her most recent book is The Wonders of America: Reinventing Jewish Culture, 1880–1950.