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Persistent link: https://www.econbiz.de/10009713110
. When there are no peer group effects, efficiency is achieved when (at least) all but one school are public. In particular … in the two school case, the impact of a public school is spectacular as we go from a setting of extreme differentiation … to an efficient allocation. However, in the three school case, a single public school will lower welfare compared to the …
Persistent link: https://www.econbiz.de/10009721398
. When there are no peer group effects, efficiency is achieved when (at least) all but one school are public. In particular … in the two school case, the impact of a public school is spectacular as we go from a setting of extreme differentiation … to an efficient allocation. However, in the three school case, a single public school will lower welfare compared to the …
Persistent link: https://www.econbiz.de/10009722406
Persistent link: https://www.econbiz.de/10000780889
Persistent link: https://www.econbiz.de/10009762566
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...
Persistent link: https://www.econbiz.de/10010364769
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...
Persistent link: https://www.econbiz.de/10010370150
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...
Persistent link: https://www.econbiz.de/10010370317
Persistent link: https://www.econbiz.de/10010351383
We show that once interfamily exchanges are considered, Becker's rotten kids mechanism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of efficiency in the contribution game amongst siblings extends to a setting...
Persistent link: https://www.econbiz.de/10010252137