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In recent years, 14 states in the U.S. have begun assessing teachers and schools using Value-Added Models, or VAMs. The idea is simple enough: A VAM looks at year-to-year changes in standardized test ...
The standard way to measure the impact of drought is by its economic effect. Last year, for example, the severity California’s four-year drought was broadly characterized by an estimate that it would ...
This paper designs and tests a comprehensive model, solved by statistical simulation, which describes and quantifies the effect of the tax system and lifelong income characteristics on the effective t...
The aim of this study is to create a measurement system for evaluating the effectiveness and innovative capability of the Lahti University Consortium. The Lahti University Consortium is a network univ...
This paper aims to formulate some principal questions which should be used as start-point for design and analysis of the performance measurement conceptual framework. The paper is based on literature ...
The last two hundred years have witnessed dramatic gains in the standard of living in the United States, driven by the technological innovations introduced by the Industrial Revolution and carried fo...
This paper describes the state of the art in the measurement of intangible capital and its contribution to economic growth, with a focus on an international comparison of intangible investment int...
We specify and implement a test for the importance of network effects in determining the establishments at which people work, using recently-constructed matched employer-employee data at the establi...
This paper quantifies the economic benefits associated with the introduction of greater spatial granularity in short-term pricing in the California wholesale electricity market. On April 1, 2009...
Transmission expansions can increase the extent of competition faced by wholesale electricity suppliers with the ability to exercise unilateral market power. This can cause them to submit offer curv...
We present a method for decomposing wholesale electricity payments into production costs, inframarginal competitive rents, and payments resulting from the exercise of market power. Using data from Jun...
This paper measures the unilateral incentive each of the five largest electricity suppliers in California had to exercise market power in the state’s wholesale market during the four-month p...
Measuring the Interest;Rate Risk     Measuring  Interest  Rate Risk       2015/7/21
Measuring the Interest‑Rate Risk.
We develop a new index of economic policy uncertainty (EPU) based on newspaper coverage. Our index spikes near tight presidential elections, after both Gulf wars, the 9/11 attacks, and during governme...

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