Public Education, Communities, and Vouchers

Oscar Volij () and Maria Prado

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: This 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.

Date: 2003-01-01
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Published in Quarterly Review of Economics and Finance 2003, vol. 43, pp. 51-73

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Related works:
Journal Article: Public education, communities and vouchers (2003)
Working Paper: Public Education, Communities, and Vouchers (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:10127

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