This paper analyzes the keep‐versus‐replace decision whee labor shortages act as production bottlenecks, which can be lessened to some degree by employing new labor saving equipment. Additional realism is brought to the analysis by explicit consideration of product demand, learning, and...

I Methodology -- 1 Methodologies of Economic Impact Analysis: an Overview -- 2 Alternative Economic Base Bifurcation Techniques: Theory, Implementation, and Results -- 3 The Minimum Requirements Technique of Estimating Exports: A Further Evaluation -- 4 Error Generation in Regional Input-Output...

The military drawdown program of the early 1990s provides an opportunity to obtain estimates of personal discount rates based on large numbers of people making real choices involving large sums. The program offered over 65,000 separatees the choice between an annuity and a lump-sum payment....