This paper suggests methodologies and guidelines appropriate for evaluating projects in the Jacob K. Javits Gifted and Talented Program. The paper aims to help projects carry out their evaluations, assist the Javits staff in determining the success of the evaluations, and aid in long-range program planning. (JDD)

Discusses the use of transaction-cost economics in measuring the impact of educational reforms and whether these reforms are likely to succeed in the "real life" of schools. Several current educational reforms are judged on the basis of their transaction costs and consequent prospects for success. (GR)