This article examines the relationship between personal discount rates and sexual behaviors in a sample of teenagers and young adults. We find that higher discount rates (an indication of less willingness to forego current consumption for future consumption) are significantly associated with a...

This note corrects a small but important error in the uniform portion of the socially optimal step toll derived by Arnott et al. (1990a). In particular, we show that this toll is actually a function of the values of travel time, early arrival time, and late arrival time (i.e., not just the value...

Traditional cost calculations do not accurately estimate the opportunity costs of using conveyances in intermodal operations, thus, results in many short-term pricing problems. The objective of this research is to develop a framework for estimating the opportunity costs of using conveyances in...

This paper uses data from the Medical Expenditures Panel Survey, a U.S. health care survey, to simulate the impact of reinsurance on insured health care expenditures for different cohorts. The paper concludes that reinsurance would not eliminate potential risk selection by insurers and, even...

Proponents of vehicle buyback programmes maintain that the earlier retirement of older vehicles will reduce pollution, increase income for lower income households and stimulate the automobile industry. This article provides a brief assessment of costs and benefits of vehicle buyback programmes....

Under the current system of managed float exchange rates, large countries are able to absorb changes in their balance-of-payments by either manipulating international reserves to sterilize capital flows or by accepting changes in their exchange rates. In this system, the monetary authorities of...