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Working Paper
On competition and school efficiency
Working Paper
Allocative inefficiency in education
Journal Article
Neighborhood school characteristics: what signals quality to homebuyers?
Popular wisdom and economic research suggest that the quality of the neighborhood school should be an important determinant of housing values. Many researchers have found that housing values are higher where school spending or student test scores are higher. However, few economists consider these characteristics good indicators of school quality. Meanwhile, no one has examined whether the economists' notion of school quality-the school's marginal effect on students-is a school characteristic that matters to homebuyers. ; Using a model of new home purchases and historical data on homes in the ...
Working Paper
The political economy of school reform
Working Paper
Allocative inefficiency and school competition
A substantial literature indicates that the public school system in the United States is inefficient. Some have posited that this inefficiency arises from a lack of competition in the education market. On the other hand, the Tiebout hypothesis suggests that public schools may already face significant competition. In this paper, the authors examine the extent to which competition for students influences public school inefficiency in Texas. They use a Shephard input distance function to model education production and use bootstrapping techniques to examine allocative inefficiencies. Switching ...
Working Paper
On the political economy of school deregulation