...This chapter provides a new analytical framework to assess congressional capacity. The framework is based on two institutional tradeoffs: organizational structure (centralization vs. decentralization) and resource allocation (simplicity vs. complexity). The interaction of these factors generates...

...This chapter discusses four types of biological complexity: resource utilization (how interacting species differentially use distinct resource types); behavioral plasticity (variation in a species' behavioral traits in response to environmental, including biotic, conditions); resource allocation...

... a capital stock that is far larger than warranted by the profit-maximization motive. As a result, the rate of return on capital is extremely low. It is argued that efficient resource allocation will not occur until this pattern is broken by forcing the corporate sector to pay out more profits via dividends...

... South Korea Taiwan technological innovations accounting for and measurement economists resource allocation wartime agencies financial aid Western Europe American century Herbert Hoover was sworn in as president at the end of a decade of generally vigorous economic growth, marred by the deep...

.... The trade-offs are consequences of resource limitation as mediated by organismal traits. Resource allocation can be hierarchical, in the sense that allocating to a particular component of demographic performance can constrain additional components. Resource allocation may involve within-individual trade...

.... This chapter suggests that there is an interesting relationship between domestic liberalization and the liberalization of international capital flows which include advantages in terms of resource allocation. capital controls crises inconsistent policies multiple equilibria Tobin tax lender of last resort...

... and mortar institutions minimum efficient scale online education Hoxby C community colleges productivity higher education investment earnings outcomes public benefits resource allocation One of us (Hoxby) recalls a meeting, not so long ago, in which university leaders and faculty were discussing...

..., describes how risky securities are currently accounted for in the federal budget and how this likely biases real resource allocations, and surveys the results of recent research on the cost of market risk for federal obligations. The analysis begins by addressing both the philosophical and practical...

... to all resource allocation decisions. Understanding productivity is important when judging whether the market for higher education generates positive incentives, assessing government policies that subsidize students, allocating a budget efficiently among an institution’s activities, and deciding whether...