Competition and Resource Effectiveness in Education

David Mayston ()

Discussion Papers from Department of Economics, University of York

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.

Date: 2006-02
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Related works:
Journal Article: COMPETITION AND RESOURCE EFFECTIVENESS IN EDUCATION* (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:yor:yorken:06/05

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