Analyzes ways in which asset allocation, investment guidelines and objectives, and investment performance may create indirect income redistribution among institutional constituents, including redistribution from future to present constituents. Comments on the implications of inflation and deflation for these aspects of endowment fund management.…

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…

This description of the development of expert systems designed to solve management problems focuses on the issue of corporate divestment as an example. Software needs are discussed, and an example of a management expert system for divestment analysis at James Madison University is briefly described. (Author/LRW)

Analysis of forces affecting reform in Papua New Guinea's higher education financing looks at reasons reform has not succeeded. Research on cost effectiveness of higher education expenditures is examined, policy implementation is discussed, and it is concluded that more emphasis should be placed on investment financing and student contributions.…

The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. With contributions from leading researchers, each Handbook presents an accurate,…

Despite pressures for reducing the overall spending of the federal government, some policymakers and analysts have considered increasing the funding for particular areas that might be especially important to the long-term growth of the economy. Increases have been proposed in spending for highways and other types of physical infrastructure, for…

Examines the case of bilateral monopoly in the context of joint profit-maximizing solutions. Asserts that, although bilateral monopoly is sometimes viewed as a theoretical model with few real-world applications, the elements of negotiations it contains form the basis for contracts between input sellers and input buyers. (CFR)

Discusses a study that explored the connection between social investments in higher education and economic production. Reports that government spending on higher education stimulates the private economy better than other government spending. Concludes that higher education expenditures on organized research produce long lasting, favorable effects…

Discusses the overall efficiency of investment in primary and secondary education and technology transfer via investment both in physical capital and higher education in 30 of the poorest African countries. A high (21.2 percent) rate of return to investment in primary and secondary education was found. Includes six tables and 20 references. (MLH)

Discusses real business cycle analysis, growth theory, and other economic concepts in the context of the rational expectations revolution in macroeconomics. Focuses on post-1982 research. Concludes that the rejuvenation of growth analysis is an encouraging development because it could lead to changes in welfare policy. (CFR)

The economic value of higher education, whether it is a good investment, and ways that the value can be measured are described in this critical review of concepts and methods in the economics of higher education. Three parts form the structure of the book: (1) summary and stage setting; (2) the economic value of higher education: the classical…

Briefly defines and provides some background on Eugen von Bohm-Bawerk's "marginal pairs" theory of pricing. Asserts that Bohm-Bawerk's theory is a good introduction to the Austrian school of economics and illustrates the differences between this approach and neoclassical economic theory. Includes several graphs and tables of data. (MJP)

Reconsiders Uriel Spiegel's analysis of the Giffen phenomenon, a utility function that yields an inferior good with an upward-sloping demand curve. Extends this to include similar utility functions that yield inferiority. Discusses the earlier work of related theorists including Liebhafsky, Vandermeulen, and Wold and Jureen. (MJP)

Reexamines Spiegel's analysis of the Giffen phenomenon, a utility function that yields an inferior good with an upward-sloping demand curve and incorporates Christian Weber's criticism into the model. Disagrees with Weber on some points but agrees that as income decreases the likelihood of the Giffen product decreases. (MJP)

Presents findings of a study of the effects of multinational corporate investment upon women's participation in higher education in 66 countries. Concludes that such investment discourages women's involvement in higher education and state regulation of gender discrimination while encouraging fertility and sexually discriminatory hiring. (DK)