Kumar, Krishna B.; Matsusaka, John G. - Econometric Society - 2004
bus, etc., while in many developing countries lines quickly dissolve into crowding. Moreover, children in the US are … informal social networks). We characterize the payoffs to these capitals. We embed them in a dynamic model, in which parents … can choose to send their children to schools to acquire standing-in-line capital, but at a loss to household production …