The post-communist Czech Republic provides a laboratory in which to investigate possible responses to the adoption of universal education vouchers. Private schools appear to have arisen in response to distinct market incentives. They are more common in fields where public school inertia has...

This study concentrates on interactions, price convergence and co-movements among the organized (and parallel) markets in the Czech Republic. Significant and lasting price differences between the individual trading channels available to the investor are documented and they are attributed to the...