In this paper, it is shown how subsidies for education and for the number of children affect economic growth, fertility, and welfare in an endogenous growth model with altruistic agents. Subsidizing education has not only a direct positive effect on growth but also an indirect positive effect on...

This paper develops an overlapping-generations model in which agents invest in health to prolong life in both working and retirement periods. It explores how unfunded social security with or without health subsidies affects life expectancy, economic growth, and welfare. In particular, by...

Deceptive counterfeits differ from non-deceptive ones in that they are packaged and sold as authentic brand name products so that consumers may buy counterfeits unknowingly. When a distribution channel, referred to as the general channel, has been penetrated with deceptive counterfeits, a brand...

We study gender discrimination in hiring markets by sending 19,130 fictitious matched resumes in response to professional employment advertisements posted on major Internet employment boards in China for positions such as engineers, accountants, secretaries, and marketing professionals in...

Allocative and productive efficiency are static concepts in the sense that they relate to welfare at a point in time. Allocative and productive efficiency reflect the outcome at a single point in time of resource allocation and production decisions.

We derive the social optimum and optimal government debt in an intergenerational model of growth with fertility, elastic labor, human capital externalities and a non-convex feasible set. Debt through lump-sum taxation increases leisure and labor, reduces fertility, and can achieve the social...

In this study, we create a set of network DEA models that can be used to divide efficiency scores into two subunits, thus providing more accurate results. This approach can help open the “black box” of efficiency measurement and help determine the advantages and disadvantages of various...

The development of large scale wind farms that can compete with conventional energy resources presents significant challenges to today's wind energy industry. A powerful solution to these daunting challenges can be offered by a synergistic consideration of the key design elements (turbine...