Educational as a Positional Good : The Role of Vouchers
AbstractPeople's satisfaction from some goods and services depends on their relative as distinct from their absolute position as consumers. Such items are called "positional goods", and a restriction of their supply in the situation of general income growth is conducive to expenditure escalation as in an arms race. If education is a positional good in this sense, arrangements are needed that will best prevent such an outcome.
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Bibliographic InfoPaper provided by Carleton University, Department of Economics in its series Carleton Industrial Organization Research Unit (CIORU) with number 97-01.
Length: 41 pages
Date of creation: Feb 1997
Date of revision:
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Find related papers by JEL classification:
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance
- E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
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