This study analyses the system of Spanish publicly-subsidised private schools from the perspective of its contribution to the equalisation of opportunities in school choice. The theoretical framework is based on the contributions of researchers into school choice policies, while the empirical...

In a local economy, the citizens can react on local policy by exit. Exit induces a shift in the housing demand. The local policy may thus capitalize into the housing prices. However, the citizens encounter specific coordination problems on the housing market. Therefore, it may be asked how...

The efficiency of “quasimarkets”—decentralized public goods provision subjected to Tiebout competition—is a staple of public choice conventional wisdom. Yet in the 1990s a countermovement in political economy called “neoconsolidationism” began to challenge this wisdom. The...

In this paper, I obtain the estimates of the effects of for-profit training and credentials on students' annualized earnings. I differentiate for-profit students by the program level and account for students' self-selection into for-profit sector. I formulate the evaluation as the series...

This paper develops a theoretical model in which the matching framework à la Pissarides (2000) extended to the housing market is integrated with the hedonic price theory. Market tightness and selling price collectively determine the long-run equilibrium of the economic system in which a seller...

We study the implications of property market transaction tax. As property buyers are obligated to pay a transaction tax (“stamp duty”, or SD) where the rate increases with the value of the transaction, there are incentives to trade at or just below the cutoff points of the tax schedule....