This article examines the phenomenon of volunteering from a benefit-cost perspective. Both the individual making a decision to volunteer and the organization making a decision to use volunteer labor face benefits and costs of their actions, yet these costs and benefits almost always remain unarticulated, perhaps because the common perception of…

This paper sets out a model that generates new, relevant information about the relationship among educational output, scale, and perpupil costs. According to the author, this information, if used, would result in more efficient educational spending. Specifically, a long run average cost function is estimated. Minimum perpupil operating costs are…

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…