Since 1988, Business Week on a regular basis ranks MBA programs based on qualitative (quot;subjectivequot;) surveys of students and employers. We rank MBA programs using the quantitative (quot;objectivequot;) data collected with the 2004 Business Week survey. We employ equal-weighted and...

This paper examines the role of uncertainty and imperfect local knowledge in foreign direct investment. The main idea comes from the literature on investment under uncertainty, such as Pindyck (1991) and Dixit and Pindyck (1994). We empirically test quot;the value of waitingquot; with a dataset...

Measures of multifactor productivity growth in natural resource industries are misleading without accounting for the effects on the environment. This paper introduces environmental effects into an output-oriented Malmquist index of multifactor productivity growth in order to evaluate growth in...

Recent increases in the volume of canning grade tuna caught in the Western and Central Pacific Ocean (WCPO) have led to concern about the increasing catching capacity of the fleet of purse seine vessels operating in the fishery. In this paper, data envelopment analysis is used to examine the...

The analysis of technical efficiency in developing country agriculture is well established but has been overlooked for developing country commercial marine fisheries. Policies raising technical efficiency in agriculture are viewed as uniformly positive but are a mixed blessing in fisheries due...

Overcapacity is a major problem in common-pool resources. Regulators increasingly turn from limited entry to individual transferable use rights to address overcapacity. Using individual vessel data from before and after the introduction of individual harvest rights into a fishery, the paper...