CURBING GRIDLOCK -- Copyright -- Preface -- Contents -- Contents -- Executive Summary -- BACKGROUND -- CONCLUSIONS ABOUT CONGESTION PRICING -- Congestion pricing would cause some motorists to change their behavior. -- Congestion pricing would result in a net benefit to society. -- Congestion...

R&D investment spending exhibits a delayed and hump-shaped response to shocks. We show in a simple partial equilibrium model that rapidly adjusting R&D investment is costly if the probability of converting new hires into productive R&D workers (“onboarding”) is decreasing in the number of...