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Competition and Resource Effectiveness in Education

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  • David Mayston

Abstract

This paper examines the impact of competition in the markets for teachers and for housing on the long-standing issue of the influence of school resourcing on educational attainment. The existence of such competition is found to imply not only downward bias in many earlier empirical estimates of the role of resources in the educational production function, but also powerful general equilibrium effects, especially for the impact of relative levels of school resources upon the distribution of relative levels of educational attainment across individual schools, that highlight the importance of how resources are distributed across individual schools. The paper derives optimal resource allocation rules for distributing government educational budgets across individual schools and examines the properties of the associated funding formulae.

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Paper provided by Department of Economics, University of York in its series Discussion Papers with number 06/05.

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Date of creation: Feb 2006
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Handle: RePEc:yor:yorken:06/05

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  7. Summers, Anita A & Wolfe, Barbara L, 1977. "Do Schools Make a Difference?," American Economic Review, American Economic Association, vol. 67(4), pages 639-52, September.
  8. Sandra E. Black, 1997. "Do better schools matter? Parental valuation of elementary education," Research Paper 9729, Federal Reserve Bank of New York.
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  12. repec:lan:wpaper:971 is not listed on IDEAS
  13. Bradley, Steve, et al, 2000. " Testing for Quasi-Market Forces in Secondary Education," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(3), pages 357-90, July.
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  16. Sheppard, Stephen, 1999. "Hedonic analysis of housing markets," Handbook of Regional and Urban Economics, in: P. C. Cheshire & E. S. Mills (ed.), Handbook of Regional and Urban Economics, edition 1, volume 3, chapter 41, pages 1595-1635 Elsevier.
  17. Bradley, Steve & Taylor, Jim, 2002. "The Effect of the Quasi-market on the Efficiency-Equity Trade-Off in the Secondary School Sector," Bulletin of Economic Research, Wiley Blackwell, vol. 54(3), pages 295-314, July.
  18. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
  19. Dennis Leech & Erick Campos, 2003. "Is comprehensive education really free?: a case-study of the effects of secondary school admissions policies on house prices in one local area," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 166(1), pages 135-154.
  20. Dolton, Peter J & van der Klaauw, Wilbert, 1995. "Leaving Teaching in the UK: A Duration Analysis," Economic Journal, Royal Economic Society, vol. 105(429), pages 431-44, March.
  21. Hanushek, Eric A., 2006. "School Resources," Handbook of the Economics of Education, Elsevier.
  22. David M. Brasington, 1999. "Which Measures of School Quality Does the Housing Market Value?," Journal of Real Estate Research, American Real Estate Society, vol. 18(3), pages 395-414.
  23. Haurin, Donald R. & Brasington, David, 1996. "School Quality and Real House Prices: Inter- and Intrametropolitan Effects," Journal of Housing Economics, Elsevier, vol. 5(4), pages 351-368, December.
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Cited by:
  1. J Taylor & S Bradley & G Migali, 2009. "The distributional impact of increased school resources: the Specialist Schools Initiative and the Excellence in Cities Programme," Working Papers 602528, Lancaster University Management School, Economics Department.

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