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Full-Text Articles in Business
Racial Integration As An Innovation: Empirical Evidence From Sports Leagues, Robert E. Mccormick, Brian L. Goff, Robert D. Tollison
Racial Integration As An Innovation: Empirical Evidence From Sports Leagues, Robert E. Mccormick, Brian L. Goff, Robert D. Tollison
Robert E McCormick
This paper treats racial integration as an innovation in economic process in which economic entities find it advantageous to utilize potentially more productive inputs previously unavailable due to law, custom, or managerial discretion. Data on the racial integration of Major League Baseball and Atlantic Coast Conference basketball are employed to address this issue. The central question examined is which type of team integrated first—losers or winners? The results strongly support the idea that entrepreneurship trumps competitive rivalry; that is, winning teams led the process of racial integration.
The Private Provision Of Public Goods: An Analysis Of Homes On Golf Courses, Robert E. Mccormick, Frank F. Limehouse, Melissa M. Yeoh
The Private Provision Of Public Goods: An Analysis Of Homes On Golf Courses, Robert E. Mccormick, Frank F. Limehouse, Melissa M. Yeoh
Robert E McCormick
This paper examines the joint production of golf and real estate development. The empirical results of this analysis show that, over time, golf courses are being constructed less for recreational golf and more for contractual assurance of green open space for homes. We believe that this fundamentally provides some evidence that the demand for environmental quality is growing and that markets are increasingly able to find creative contracting mechanisms to satisfy demands for public goods.
The Sex Ratio And The Out-Of-Wedlock Birth Rate In The United States During World War Ii, Robert E. Mccormick, Melissa M. Yeoh, Mason S. Gerety
The Sex Ratio And The Out-Of-Wedlock Birth Rate In The United States During World War Ii, Robert E. Mccormick, Melissa M. Yeoh, Mason S. Gerety
Robert E McCormick
This paper provides a theoretical economic framework to study the effects of changes in the sex ratio on the out-of-wedlock birth rate in the United States. We model the demanders and suppliers of sexual relations as potential mates and the relative "price" of human sexual relations as the promises implicit within a traditional marriage (marriage, fidelity, wealth transfers, child support, etc.). We examine an instrument for the implicit "price" of sexual relations, namely the out-of-wedlock birth rate. We show that the reduction in the number of available sex partners for women during World War II decreased the "price" - in …