This article employs a life-cycle model of consumption and U.S. time-series data covering 1929-1969 to estimate the long-run impact on capital formation of substituting one dollar of debt for a dollar of taxes to finance a given level of government spending. The income redistribution effects of...

A short-run total cost function is fitted to 1992 data for 235 public libraries in New York state. The stochastic frontier model is employed, which decomposes the error term into a random variable for statistical noise and a residual component measur ing economic inefficiency. Mean...

This paper derives the type of tax system (progressive, proportional or regressive) required by different marginal income utility functions to satisfy the equal absolute and equal proportional sacrifice of utility among taxpayers. The context is that in which the rules were originally...

The use of salt for deicing roads results in costs estimated at more than $800 per ton-including the costs of repair and maintenance of roads and bridges, vehicle corrosion costs, and loss of aesthetic value through roadside tree damage. Additionally, there are probable health costs related to...

Purpose – This paper aims to estimate the cost to US savings banks and savings and loan institutions with assets under $250 million of complying with the anti‐redlining Community Reinvestment Act (CRA). Design/methodology/approach – Compliance cost is modeled as a type of inefficiency...

Purpose – This paper aims to estimate empirically the effect on the voluntary turnover (quit) rate of employees when a large public corporation already judged as an outstanding employer is also ranked as being socially responsible by an external review organization. Design/methodology/approach...