Training funds are used to incentivize training in developing countries, but the funds are based on payroll taxes that lower the return to training.  In the absence of training funds, larger, high-wage and more capital intensive firms are the most likely to offer training unless they are...

Many developing countries have tried to increase firm provision of training by providing subsidies funded by taxes proportional to the firm’s wage bill.  These training funds, however, may backfire if the adverse effect of the tax on training incentives outweighs the positive effects of...

Although Locational Marginal Pricing (LMP) plays an important role in many restructured wholesale power markets, the detailed derivation of LMPs as actually used in industry practice is not readily available. This lack of transparency greatly hinders the efforts of researchers to evaluate the...