In an e¤ort to stimulate a more exciting and entertaining style of play, the National Hockey Association (NHL) changed the rewards associated with the results of overtime games. Under the new rules, teams tied at the end of regulation both receive a single point regardless of the outcome in overtime. A team scoring in the sudden-death 5-minute overtime period would earn an additional point. Pri...

Technological innovations in inventory, logistics, and sales give grocery chain stores a profitability advantage over old-fashioned local stores. With chain stores advancing, local store incumbents gradually exit. Two questions concerning this creative destruction process are central to competition policy. How do chain stores make entry decisions? How does a chain store’s entry impact incumbent...

Available online 19 September 2012 JEL classification: C72 D72 D74

This paper investigates residents’ preferences of investment in cruise tourism, taking its externalities into full account. The research involved data collection in the port of call of Messina (Sicily, Italy), during the peak cruise season in 2011. A mixed generalized ordered logit analysis, based upon a correspondence analysis, is run to examine what factors influence residents’ perceptions ab...

In a lively, provocative article, DeVany claims inter alia that the size distribution of home runs follows a continuous ‘‘power law’’ distribution which is nested in a larger class of ‘‘stable’’ statistical distributions characterized by an infinite variance. He uses this putative fact about the size distribution of home runs to argue that concern about the use of steroids to enhance home run a...

abstract the aim of this study is of the effect of structural changes in higher education on changes of output in sistan and baluchestan province using structural decomposition analysis (sda). the input-output tables of this region for the period 2006-2011 have been employed as the database of the model. the structural changes were decomposed into two factors: changes in share of specific secto...

abstract in this paper, income per capita convergence hypothesis is tested in selected oic countries. for this purpose, we use the time series model and univariate kpss stationary test with multiple structural breaks (carrion-i-silvestre et al. (2005)) over the period 1950-2008. the results show that most oic countries could not catch up toward usa. although because of some positive term of tra...