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Economic downturns expose unsustainable fiscal practices. Widespread fiscal crises create opportunities to compare policy options that address especially adverse circumstances, especially pro-growth fiscal constraints that can stabilize state budgets over [...]

On April 22, 1998, the Children's Educational Opportunity Foundation announced the availability of CEO Horizon Scholarships to residents of the Edgewood Independent School District (EISD) in San Antonio, Texas. The [...]

Numerous empirical models connect individual student test scores or average test scores to theoretically plausible policy and socioeconomic variables. Although the models were created to test for the effect of [...]

Choice and Competition in American Education Edited by Paul Peterson Lanham, Md.: Rowman and Littlefield, 2006. Pp. vii, 274. $21.95 paperback. Paul Peterson's Choice and Competition in American Education, a [...]

Even in relatively backward societies, extensive division of labor and specialization of function is required to make effective use of resources. --Milton Friedman (1962: 12) In most of the economy, [...]

The present U.S. education system is shaped by a political process in which constituents collectively determine how to produce education. Political campaigns, lobbying, and voting establish schooling options, how to [...]

This special issue of the Cato Journal explores the nature of a competitive education industry (CEI) by examining the key ingredients of and minimal requirements for a true education market. [...]

In 1998, a unique voucher program began in the Edgewood District of San Antonio, Texas. Unlike the other privately funded programs, the Children's Education Opportunity (CEO) Foundation will pay the [...]

The problem of reservoir construction and water allocation is addressed by using an optimal timing model

By Terry Moe Washington, D.C.: Brookings Institution, 2001. Pp. 350. $29.95 cloth, $22.95 paper. In a timely work, Schools, Vouchers, and the American Public, Terry Moe considers a number of [...]

A model of optimal harvest path for resource stock recovery and efficiency is presented. The model takes into account the transition to an efficient allocation method of environmental management and in doing so points out the shortcomings of contemporary environmental policy. The transition towards an optimal harvest path method of allocation is the single most neglected aspect of any environmental policy, and is addressed.

Bennett and DiLorenzo have called the rapidly rising levels of off-budget spending "underground government," which they viewed as an end-run around voter-enacted limitations on spending, taxation, and debt. Marlow and Joulfaian argue that high levels of off-budget spending occur for the same reasons as high levels of on-budget spending. In this article, state data are used to develop two econometric models of off-budget spending. The models are used to test the hypotheses of Bennett and DiLorenzo, and Marlow and Joulfaian, and to develop new ones. Many of the significant variables have not been included in any previous models, and some of them have policy-making implications. [ABSTRACT FROM PUBLISHER]