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Simultaneous estimation of complementary political economic models: an application to concealed-carry handgun legislation

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  • Franklin Mixon
  • M. Troy Gibson

Abstract

The present note provides an extension of the Mixon and Gibson (2001) study of the retention of various types of concealed gun laws across the 50 states of the US by developing a simultaneous system of demand (interest group) and supply (legislative) equations as a 'market for laws'. This construct follows theoretical foundations laid in the public choice literature by Crain (1979) and Benson and Engin (1988). Full information maximum likelihood results presented here suggest the importance of the property rights and the Second Amendment (of the US constitution) movement on the demand side and legislator characteristics on the supply side as determinants of the prescence of unrestricted right-to-carry laws across states.

Suggested Citation

  • Franklin Mixon & M. Troy Gibson, 2002. "Simultaneous estimation of complementary political economic models: an application to concealed-carry handgun legislation," Applied Economics Letters, Taylor & Francis Journals, vol. 9(4), pages 265-270.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:4:p:265-270
    DOI: 10.1080/13504850110062022
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    References listed on IDEAS

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    1. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54, National Bureau of Economic Research, Inc.
    2. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
    3. Hausman, Jerry A, 1975. "An Instrumental Variable Approach to Full Information Estimators for Linear and Certain Nonlinear Econometric Models," Econometrica, Econometric Society, vol. 43(4), pages 727-738, July.
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    Cited by:

    1. Linda S. Ghent & Alan P. Grant, 2015. "Concealed Carry in the Show-Me State: Do Voters in Favor of Right-to-Carry Legislation End Up Packing Heat?," Social Science Quarterly, Southwestern Social Science Association, vol. 96(1), pages 191-201, March.
    2. Christopher Mullins & Daniel Kavish, 2017. "Conceal Carry and Race: A Test of Minority Threat Theory in Law Generation," Social Sciences, MDPI, vol. 6(4), pages 1-11, December.

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