The American public is ready for a passenger rail renaissance. Virginia, among the states proving that point with enthusiastic ridership, has the potential to create an outstanding intercity rail network reaching most of its citizens. That is the hopeful conclusion of a longtime rail analyst-advocate and former government official, Meredith Richards.
Richard Salmon, an authority on public school finance and a longtime professor at Virginia Tech, provides a detailed account of the history and current status of financing Virginia's public school system. The system, a vast and complex arrangement, is the most significant cost to local governments and one of the largest costs to state government. Meeting K-12 education needs has become even more difficult as the state and nation continu
Auctions are increasingly being used to allocate emissions allowances (“permits”) for cap and trade and common-pool resource management programs. These auctions create thick markets that can provide important information about changes in current market conditions. This paper reports a laboratory experiment in which half of the bidders experienced unannounced increases in their willingness to pay for permits.