Many colleges and universities require full-time undergraduate students to purchase a full meal plan as long as they live on-campus. To students this can often feel like they are being exploited, especially given the high average meal cost of... continue reading
Smoking bans have shown to have many effects, some intended, some unintended, like Adams and Cotti's (2008, Journal of Public Economics) finding that smoking bans led to more fatal accidents from drunk driving. The mechanism is that smokers were... continue reading
The Alchian-Allen Theorem states that when there are two substitute goods of differing quality and a fixed per unit amount is added to the cost of the product, consumption will shift towards the higher quality good as it is relatively cheaper. The... continue reading
There is a literature on the effects of lawyers on economic growth that suggests that much legal activity is either unproductive or rent-seeking. While the empirical results in this literature are mixed, there is a larger question of why does the... continue reading
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