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The endogeneity of education quality and quantity accounts for difficulties in appropriately identifying the causal … relationship between education and housing prices. To determine how education quality is capitalized into housing prices, we deal … with endogeneity bias by employing a natural experiment occasioned by China’s education reforms. Based on monthly panel …
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I discuss recent contributions to the theory of group formation and the provision of jointly consumed public goods and services. I highlight the distinction between models of pure group formation, and models where the formation of groups and the sharing of public goods are constrained by a...
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