Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and...

USA Today and less detailed panel data, I find that to the extent that these types of regressions measure discrimination, it is African-American Republicans who were harmed. Indeed, the nonvoted ballot rate for white Republicans is higher than for white or African-American Democrats. The data...

If shareholders own diversified portfolios, and if companies impose externalities on one another, shareholders do not want value maximization to be corporate policy. Instead, shareholders want companies to maximize portfolio values. This occurs when firms internalize between-firm externalities....