This paper reports the results of an hedonic pricing analysis of a regional thoroughbred auction market, adding to a literature which has been built mainly on data from elite auction markets. The main contribution of the paper is the finding that the role of the dam in affecting yearling price,...

The federal No Child Left Behind Act (NCLB) imposes new requirements on state education systems and provides additional education funding. This article estimates education cost functions, predicts the spending required to support NCLB standards, and compares this spending with the funding...