Public Education, Communities, and Vouchers
AbstractThis paper examines the effects of school vouchers on the equilibrium of a simple two-community model with local provision of education. Individuals differ only in income and one community imposes a fixed cost on its residents. We show that the introduction of a simple voucher system can result in a Pareto improvement as an equilibrium phenomenon. This improvement brings higher education quality to both communities.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 10127.
Date of creation: 01 Jan 2003
Date of revision:
Publication status: Published in Quarterly Review of Economics and Finance 2003, vol. 43, pp. 51-73
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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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Other versions of this item:
- Maria J. Luengo-Prado & Oscar Volij, 1999. "Public Education, Communities, and Vouchers," Working Papers 99-2, Brown University, Department of Economics.
- MarÃa J. Luengo Prado & Oscar Volij, 1999. "Public Education, Communities, and Vouchers," Economic theory and game theory, Oscar Volij 008, Oscar Volij.
- I20 - Health, Education, and Welfare - - Education - - - General
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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