Showing 1 - 10 of 33
This paper shows the effect of school staff autonomy on educational performance. The distinctive feature with existing literature is that we employ variation in autonomy within the same country and within the same school type to reduce the omitted variables problems. To fully capture the...
Persistent link: https://www.econbiz.de/10010927679
This paper shows the value of school autonomy for educational performance. To fully capture the informational advantage of local actors, we define school autonomy as the operational empowerment of the principals and teachers. The Flemish secondary school system in Belgium is analyzed as it is...
Persistent link: https://www.econbiz.de/10008836120
Educational tracking is a very controversial issue in education. The tracking debate is about the virtues of uniformity and vertical differentiation in the curriculum and teaching. The pro-tracking group claims that curriculum and teaching better aimed at children's varied interest and skills...
Persistent link: https://www.econbiz.de/10008836140
In this paper we study the role of private debt financing in disciplining a state owned firm operating for a government that incurs a cost of public financing. We show that debt contracts allow the government to avoid socially costly subsidies by letting unprofitable state- owned firms default....
Persistent link: https://www.econbiz.de/10010927692
The focus of this paper is on the trade-off between cost efficiency and access in the choice of the optimal mix of public and private provision in universal health systems. We model a simple health care market in which the regulator acts as a third payer. Patients need one unit of medical...
Persistent link: https://www.econbiz.de/10010927720
-term regulatory contract. This contract specifies the duties of the firm and a financial compensation. When it expires, a new contract … reduce its cost. These incentives come from both the profit maximization during the current contract and the perspective of … contract renewal. In our model, the amount of cost-reducing effort depends on the contract type and the time remaining till …
Persistent link: https://www.econbiz.de/10005043418
In this paper, we provide an explanation of why privatization may attract foreign investors interested in entering a regional market. Privatization turns the formerly-public firm into a less aggressive competitor since profit- maximizing output is lower than the welfare-maximizing one. The...
Persistent link: https://www.econbiz.de/10005043616
This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We consider a government maximizing total surplus but incurring some cost of public funds A la Laffont Tirole (1993). We propose a regulatory set-up in which firms are free to enter...
Persistent link: https://www.econbiz.de/10005008419
We consider a market in which a public firm competes against private ones, and ask what happens when the public firm is privatized. In the short run, privatization is harmful because prices rise: the disciplinary role of the public firm is lost. In the long run, privatization leads to further...
Persistent link: https://www.econbiz.de/10005008542
The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a private firm competes in quantities with a welfare-maximizing public firm. We consider two inefficiencies of the public sector: a possible cost inefficiency, and an allocative inefficiency due to...
Persistent link: https://www.econbiz.de/10005008686