This article reviews the use of several valuation methods as they relate to drug abuse and places them within the context of U.S. policy. First, cost-of-illness (COI) studies are reviewed and their limitations discussed. Second, three additional economic methods of valuing drug abuse are reviewed, including cost-effectiveness analysis (CEA),…

A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost…

This paper studies a sample of economies in transition to verify the assertion that returns to schooling increase as an economy transitions to a market environment. This claim has been difficult to assess in the past as the empirical evidence so far has covered only a few countries over short time periods. A number of studies find that returns to…

Resource optimization in building design is based on the total system over its expected useful life. Alternative environmental systems can be evaluated in terms of resource costs and goal effectiveness. (Author/MF)

Expands on an earlier article which states that economies of scale cannot exist unless the production function exhibits increasing returns to scale. Argues that this is correct only to the extent that the firm faces constant input prices as output expands. Concludes that the assumption that product and input markets are competitive may be…

The study addresses itself to the evaluation of the net social benefits from participation in vocational education at the senior high school level in the State of Ohio. Viewed as an investment in human capital, vocational programs were evaluated in order to estimate the excess of social benefits over social costs that accrue from training an…

Three strategic effects on the rates of return to vocational and technical education (VOTEC) are considered: (1) the availability of complementary inputs such as general education; (2) the capacity of VOTEC to teach continuing adaptation to technical change; and (3) economies of scale that can be realized. (26 references) (MLF)

The paper specifies mathematically the demand and supply functions for interacting factor markets to characterize the impact of alternative antipoverty programs. Wage subsidies were found to be the most transfer-efficient, implying that education and training is the most cost-effective means of aiding the low-skilled. (MF)

The records of 27 farm operators participating in farm business analysis programs in 5 Ohio schools were studied to develop and test a model for determining the influence of the farm business analysis phase of vocational agriculture instruction in farm management. Economic returns were measured as ratios between 1965 program inputs and outputs…

A partial survey of the literature on the economics of vocational training reveals three important lessons on how evaluations may be undertaken using data on pay, inputs, and outputs. The first lesson is that social, corporate, and private returns to vocational training in developing countries appear to be high enough to justify expanding training…

Explores secondary economic effects of rural Minnesota school districts, including purchasing power of payrolls, employment, retail stimulus, recapture of taxes, property values, and banking services. Provides nontechnical approach to interpreting how school operations offset costs of rural education. Study can be replicated by rural educators.…

Data for an examination of budget analysis in continuing education were collected using personal interviews with the continuing program directors at four institutions. The institutions represented public and private, degree and nondegree continuing education programs. Despite practitioner-oriented data to draw upon, a literature review identified…

The authors describe an extension that has been made to and subsequently incorporated into the system known as Teacher Cost Models. This approach -- a dollar flow analysis -- identifies and quantifies the factors that contribute to dollar changes in the ON GRID teacher wage-bill from one year to the next. The methodology is applicable at both the…

Education in general and specific educational projects fit into the construct of the allocation of investment resources that is basic to economic theory. Two techniques of computing returns to education and education projects are benefit-cost ratios and rates of return, which both rely on measuring costs and benefits. While measuring costs is…

Eighth grade students, randomly assigned to three criterion performance levels, studied matrix algebra in three programed lessons. Student achievement, ability, time spent, and other measures were obtained; and minimal variance criterion performance levels, analogous to production isoquants, were attained. A Cobb-Douglas (log-linear) function was…