This paper comments on a recent study by Lipford (1995) which rejects the hypothesis of free ridership. This paper contends that Lipford's analysis suffers from two serious misspecification errors. A re-examination of Lipford's results suggests that free ridership could occur. Other hypotheses, howe
Group Size and the Free-Rider Hypothesis: A Re-Examination of Old Evidence from Churches: Comment
β Scribed by Peter A. Zaleski and Charles E. Zech
- Book ID
- 125293032
- Publisher
- Springer US
- Year
- 1996
- Tongue
- English
- Weight
- 421 KB
- Volume
- 88
- Category
- Article
- ISSN
- 0048-5829
- DOI
- 10.2307/30027142
No coin nor oath required. For personal study only.
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This paper replies to the comment by Zaleski and Zech on my paper, in which I examined the relationship between free riding and group size. In this reply, I demonstrate that my original estimate is not misspecified because of a scaling problem and argue that the effects of any omitted variables are
This paper explains the contradictory findings from long-run and short-run tests of the rational expectations hypothesis of the term structure. Recent research suggests that, while the long-run tests support the theory, the short-run tests do not. Our results which are based on US Treasury bills rat