The hypothesis that the banking system consists of firms that use the same production technology is tested and rejected in this study. Six groupings of the population of commercial banks are identified using cluster analysis. The banks are grouped to reflect similar production technologies...

This paper critically examines ten leading myths that have gained currency in the debate about reforming the U.S. Social Security system, including myths that have been propagated by both proponents and opponents of including personal accounts as part of any reform package.

The first thing to understand about transportation in California is how grave the problems really are. In terms of both traffic congestion and air pollution, California’s problems are the worst in the nation. Traffic congestion is difficult to comparea mongci ties, but one attempt to rank...

Since the passage of the Intermodal Surface Transportation Efficiency Act (ISTEA) of 1991, federal surface transportation legislation has mandated that state departments of transportation (DOTs) engage in increasingly collaborative and multi-modal transportation planning. Over the past decade...

Universities and public transit agencies in the United States have together invented an arrangement – called Unlimited Access – that provides fare-free transit service for all students (and, on some campuses, faculty and staff as well). Unlimited Access is not free transit, but is...