This paper offers an explanation for the widespread phenomenon of uniform public schooling, which is viewed here as a way for the government to precommit itself to restraints on future income redistribution. Such precommitment is likely to enhance accumulation of human capital, to bolster economic growth, and, under certain circumstances, to constitute a preferred choice for a majority of voters.

This paper argues that the regional income gap of China is endogenously determined by its long-term economic development strategy. Development strategies can be broadly divided into two mutually exclusive groups: (i) the comparative advantage-defying (CAD) strategy, which attempts to encourage firms to deviate from the economy’s existing comparative advantages in their entry into an industry or...

The transportation sector experienced dramatic changes during the last 300 years. This essay reviews the major technological and infrastructural developments including the transition from roads to railways to automobiles, the rise of steamships, and the emergence of air-travel. Changes in the transport market are also examined, including trends in prices, consumption, and regulation. The role o...

E agree about the goals of price stability, low unemployment and stable economic growth, but they disagree about the policies to achieve these goals. The disagreement is particularly heated over discretionary countercyclical Keynesian fiscal policy. After the poor macroeconomic performance of the 1970s and critical policy evaluations of the Keynesian approach— ranging from Robert E. Lucas and T...

in zero acceptance number sampling plans, the sample items of an incoming lot are inspected one by one. the proposed method in this research follows these rules: if the number of nonconforming items in the first sample is equal to zero, the lot is accepted but if the number of nonconforming items is equal to one, then second sample is taken and the policy of zero acceptance number would be appl...

As individuals are increasingly being called to act in environmentally-conscious ways, they will seek out any and all resources which might help to inform their actions. Unfortunately, a 2002 OECD report indicated that there seemed to be declining trust of environmental information sources and increasing confusion about which actions could be most beneficial. Environmental Software Systems can ...

Acceptance control charts (ACC), as an effective tool for monitoring highly capable processes, establish control limits based on specification limits when the fluctuation of the process mean is permitted or inevitable. For designing these charts by minimizing economic costs subject to statistical constraints, an economic-statistical model is developed in this paper. However, the parameters of s...

  In zero acceptance number sampling plans, the sample items of an incoming lot are inspected one by one. The proposed method in this research follows these rules: if the number of nonconforming items in the first sample is equal to zero, the lot is accepted but if the number of nonconforming items is equal to one, then second sample is taken and the policy of zero acceptance number would be ap...