Cremer, Helmuth; Maldonado, Dario - CESifo - 2013
This paper studies oligopolistic competition in education markets when schools can be private and public and when the … quality of education depends on “peer group” effects. In the first stage of our game schools set their quality and in the …. When there are no peer group effects, efficiency is achieved when (at least) all but one school are public. In particular …