^* Stephen Horner is a consulting economist and Adjunct Professor of Economics at Texas A&M University, Corpus Christi. Frank Slesnick is a Professor of Economics at Bellarmine College The authors wish to thank Thomas R. Ireland, Michael Brookshire, Everett Dillman, Donna Johnson, Michael Piette, James Rodgers, Charles de Seve, Robert Thornton, and the other discussants and anonymous referees and who gave us so much help over the many years this paper has been in preparation. The authors are solely responsible for any remaining problems.