Productivity Shock posted a great abstract on this topic. I would guess that any number of the following might be true and also contribute to the phenomenon in question, but might not be detectable by the existing data. 1. Bumming out cigarettes is more...
Are Smurfs a public good? Ryan Somma seems to think so. Apparently if no one owns something everyone must own and have a right to it. This article gets an A for effort but could use a dose of Coase. La la la la la la la... Read More...