This paper offers a thoughtful discussion of social norms and alternative economic viewpoints and analysis of restaurant tipping behavior. A survey of Louisiana residents was conducted to collect public opinions about tipping. The analysis suggests that social norms are indeed the primary reason...

In this paper, we empirically examine the link between local taxes and education choice. Due to the endogenous relationship, 2SLS estimation is applied to correct for simultaneous equations bias. A total of 500 school districts in the state of Pennsylvania during the school years 1999-2000 to...

In this article, we develop econometric models to test the hypothesis that students rate their professors primarily based upon their midterm grades. Our findings reveal that students' midterm grades are positively and significantly related to professors' overall evaluations, indicating that the...

This paper investigates that determinants of parents' education choices depend not only on economic factors but also on non-economic factors. I examined Pennsylvania's 67 counties in school year 1989-1990 as a case study of these determinants. An empirical model was applied to the study. Results...

In this paper, an alternative measure of the education variable is proposed in an empirical economic growth model. Taiwan from 1964-2000 is selected as a case study. The main innovation of this paper is the weighting of education inputs by schooling level as an additional input into the...

This study investigates how education inputs impact school performance. The focus is on local taxes since local tax revenues are the primary source of financing public schools. Using both OLS and 2SLS and examining 507 school districts in Pennsylvania during 1996 to 1999, results reveal that...

Both teacher quality and teacher salaries are endogenously correlated in the teacher labor market. Therefore, due to endogeneity, we develop three econometric simultaneous-equation models to examine the link between teacher quality and teacher salaries. A total of 500 school districts in the...

The economic behaviors manifested between professors and students may be viewed as a game, with both behaviors endogenously correlated. In this paper, a static game is applied to address this behavior and determine the Nash equilibrium. Both professors and students choose their best strategies...

In this paper, we adopt the neoclassical model of consumer choice and view students as a utility maximizer to investigate two implied issues caused by grade inflation – knowledge illusion and economic inefficiency in the knowledge market. These issues are important because they negatively...