This article details the application of an economic theory to the fiscal operation of a small engineering consulting firm. Nobel Prize-winning economist Wassily Leontief developed his general input-output economic theory in the mid-twentieth century to describe the flow of goods and services in the U.S. economy. We use one mathematical model that…

In tasks as diverse as stock market predictions and jury deliberations, a person's feelings of confidence in the appropriateness of different choices often impact that person's final choice. The current study examines the mathematical modeling of confidence calibration in a simple dual-choice task. Experiments are motivated by an accumulator…

Using data collected in a beginning teacher evaluation study, this paper attempts to show that time is an important input in producing learning. First the paper discusses equalization of tax bases in school districts, inequality in the distribution of inputs, and the importance of multiple outputs in schools. Next it describes an economic model of…

A newly developed input/output method for comparing the efficiency of urban elementary schools is presented. The method results in the identification of efficient and inefficient schools and provides management information relative to input and output measures. (Author/IRT)