This study uses a production function approach to identify the impact of student, parent, teacher, and school policy variables on student performance as measured by test scores. Our statistical analysis is conducted in a comparative institutional context that includes government, private, and...

A simple model of activist macroeconomic policy derives a reaction function by assuming that rational governments have performance objectives, but are constrained by the Phillips curve. Although not formally modeled, governments apply a variety of instruments to influence inflation and output,...

The life cycle of a dwelling unit is a succession of tenants, generally proceeding to lower-income groups, and a sequence of quality levels, generally ending in a dilapidated state. The process of tenant turnover mirrors a neighbourhood turnover process which is identified as contributing to...

Abstract. Representative democracy is a principal-agent institution. Voter influence over macroeconomic policy should be noticeable during election years when the president (agent) and median voter (principal) disagree about goals. They might disagree due to the prospective benefit of choosing a...