This paper analyzes the impact of increases in the minimum drinking age on the prevalence of alcohol and marijuana use among high school seniors. The empirical analysis is based on a large sample of students from 43 states over the years 1980-1989. We find that increases in the legal minimum drinking age did slightly reduce the prevalence of alcohol consumption. We also find, however, that incr...

Do Legal Standards Affect Ethical Concerns of Consumers? In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are employed, one with no minimum wage in the first par...

1. The use of marine reserves as tools either for conservation or fisheries management requires rigorous empirical evidence for the recovery of exploited species within them. 2. The relative density and size structure of snapper Pagrus auratus (Sparidae), an intensively exploited reef fish species, were measured, using baited underwater video, inside and outside three northern New Zealand marin...

We study the one-dimensional range minimum query (RMQ) problem in the external memory model. We provide the first spaceoptimal solution to the batched static version of the problem. On an instance with N elements and Q queries, our solution takes Θ(sort(N + Q)) = Θ ( N+Q B logM/B N+Q B ) I/O complexity and O(N + Q) space, where M is the size of the main memory and B is the block size. This is a...

Selection of an appropriate sample size is one of the most important aspects of any quality inspection. Th e right sample size enables making valid conclusions about the quality of the product with minimum necessary resources. Th e choice of sample size and the probability of Type II error (ß) are closely connected. Th e purpose of this paper is to examine how usage of a statistical power analy...