The report's key finding is that new nuclear capacity in NEMS-RFF from 2015 to 2020 under the current levels of U.S. Department of Energy (DOE) loan guarantees is similar to the marginal increase in new capacity from lowering the nominal return-on-equity (ROE) in NEMS-RFF for new nuclear power...

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R&D, or alternatively, by trying to imitate other firms’...

Legal scholars have long debated the role for courts in with respect to governmental action in response to crisis. Most of those crises, however, are exogenous to the political process. The courts' role in response to politically endogenous crises is more complicated. We evaluate the role of the...

California’s initiative to create the California Institute for Regenerative Medicine (CIRM), which sponsors human embryonic stem cell research within the state, has been significantly delayed by a series of political and legal battles over the structure, procedures and policies of CIRM,...

The end of mandatory retirement of college and university faculty in 1994 and the increased employment of older faculty have caused these institutions to devise policies to induce their older faculty to relinquish their tenure status. What policies do colleges and universities use to affect the...

We present an original modeling tool that can be used to study the social mechanisms by which individual software developers’ efforts are allocated within large and complex open source projects. The dynamical agent-based model is first described analytically in a deterministic discrete choice...

The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of cognitive skills in promoting economic well-being, with a particular...

The current practice of measuring age as years-since-birth distorts important behavior such as retirement, saving, and the discussion of dependency ratios. Two alternative measures of age are explored: mortality risk and remaining life expectancy. With these alternative measures, the huge wave...

The connection between the growth in hourly earnings inequality of individuals and changes in family earnings involves a number of issues: the movements in the employment of different family members, the association between changes in the earnings of the husband and those of the wife, and...

If workers in cooperatives are like workers in conventional workplaces, they care about the length of their working hours. In this paper, their choice of hours is characterized as a conventional labor supply decision and a familiar hours-wage relationship is derived. This is estimated using...