Piolatto, Amedeo (2009): Education and selective vouchers.
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The literature on vouchers often concludes that a voucher-based system cannot be the outcome of a majority vote. This paper shows that it is possible to propose selective vouchers (of exogenous value) such that the majority of voters are in favour of selective vouchers. As long as the introduction of vouchers does not undermine the existence of public schools, introducing selective vouchers induces a Pareto improvement. Some agents use vouchers in equilibrium to buy private education, while the poorest agents continue attending public schools and enjoy an increase in per-capita expenditure.
|Item Type:||MPRA Paper|
|Original Title:||Education and selective vouchers|
|Keywords:||public economics; education; vouchers; voting|
|Subjects:||H - Public Economics > H4 - Publicly Provided Goods > H42 - Publicly Provided Private Goods
I - Health, Education, and Welfare > I2 - Education and Research Institutions
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D70 - General
|Depositing User:||Amedeo Piolatto|
|Date Deposited:||11. Mar 2009 17:24|
|Last Modified:||20. Feb 2013 15:21|
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Publicly provided private goods: education and selective vouchers. (deposited 04. Jun 2008 04:33)
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