This study introduces a methodology for evaluating the cost-effectiveness of alternative management tools in public institutions with an application to public education. The shift towards performance budgeting and outcome measures for public-sector institutions in recent decades creates a need...

When the U.S. corporate income tax rate was increased from 34 to 35 percent in August 1993, corporations had to remeasure their deferred tax assets and liabilities and include the net adjustment in their 1993 third-quarter earnings. This study shows that, at the time of the earnings...