The <italic>Lake Wobegon Effect</italic> (LWE) describes the potential measurement-error bias introduced into survey-based analyses of education issues. Although this effect potentially applies to any student-report variable, the systematic overreporting of academic achievements such as grade point average is...

A small-scale computational general equilibrium model is used to examine the efficiency costs of exempting commercial nonprofits from the corporate income tax when they compete directly with for-profit firms. Simulation results from differential-incidence experiments indicate significant welfare...