This Handbook provides an authoritative overview of current research in the field of cost–benefit analysis and is designed as a starting point for those interested in undertaking advanced research. The Handbook contains major contributions to the development of the field, focussing on...

Using panel data for 19 OECD countries covering the period 1986-1995, we find effect of general economic uncertainty on venture-capital investments to be significantly negative. The more irreversible late-stage venture-capital investments are much more adversely affected by such uncertainty than...

A vast amount of research has considered numerous causes and correlates of corruption. Also, there have been many studies of the consequences of various forms of uncertainty. However, exploration of the nexus between economic uncertainty and corruption appears scarce. After providing an...

Based on U.S. data for the 48-year-period 1953-2000, this study makes a contribution on the R&D-growth relation along five dimensions. First, we note several descriptive patterns that may be regarded as stylized facts relative to R&D outlays in the U.S. during the half-century period. These...

The Florida Department of Citrus (DOC) is spending public funds to register an abscission agent compound (CMNP) with the U.S. EPA as part of its effort to enhance the private benefits associated with citrus mechanical harvesting. An abscission agent application should allow existing harvesting...

We assess the effectiveness of Job Corps (JC), the largest job training program targeting disadvantaged youth in the United States, by constructing nonparametric bounds for the average and quantile treatment effects of the program on wages. Our preferred estimates point toward convincing...

We review and extend nonparametric partial identification results for average and quantile treatment effects in the presence of sample selection. These methods are applied to assessing the wage effects of Job Corps, United States’ largest job-training program targeting disadvantaged youth....

Previous evaluations of Job Corps document disparate effects on the earnings of adolescents (aged 16-19) and young adults (aged 20-24). These are conjectured to be due to differential human capital accumulation within the program between these groups. If correct, the effect of the program on...

This paper assesses the effect of the U.S. Job Corps (JC), the nation's largest and most comprehensive job training program targeting disadvantaged youths, on wages. We employ partial identification techniques and construct informative nonparametric bounds for the causal effect of interest under...