We examine the effects of Canadas Special Milk Classes Scheme on resource allocation and discuss the rationale for average total cost of production as a measure of payments. Our simple model divides the total supply of fluid milk into two classes: one for domestic consumption and the other for...

This paper measures human capital development in the Japanese workforce after WWII. An increase in workers years of schooling is believed to have aided Japans economic growth after WWII. The development of human capital has acquired increasing importance for Japans future economic growth given...