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...

Two separate but related strands of literature exist regarding the efficiency of public sector service provision--the theoretical base developed in the bureaucratic models of supply and the methodological base developed in the operations research and economic literatures. Most analyses focus...

In June 2003 the New York State Court of Appeals altered the education-finance landscape with its ruling in Campaign for Fiscal Equity v. New York. This ruling called for “[r]eforms to the current system of financing school funding” designed to ensure “that every school in New York City...

Performance standards have been at the center of recent debates on educational reform. Many states have implemented new performance standards, often based on student test scores, and a district's state aid is sometimes linked to its success in meeting the standards. This focus on performance is...