This paper deals with a dynamic adjustment process in which adjustment of a key variable input (labor) towards its desired level is modeled in a panel data context. The partial adjustment type model is extended to incorporate firm- and time-specific adjustment parameter. A flexible (translog)...

A brief history of Amtrak -- The failure of Amtrak reform efforts -- Amtrak's present condition -- Myths about the value of Amtrak -- Fallacies about the cost of Amtrak -- Defending against terrorism : can Amtrak do the job? -- Escape from Amtrak : state and local governments -- Passenger...