Albornoz-Crespo, Facundo; Berlinski, Samuel; Cabrales, … - C.E.P.R. Discussion Papers - 2010
system resources. The model is rich, yet sufficiently stylized to provide novel implications. We can show, for example, that … through school resources. In this way we provide a rationale for the ambiguous existing empirical evidence on the effect of … school resources. We also provide a novel microfoundation for peer effects, with empirical implications on welfare and on …