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material information will increase the efficiency of their decisions. However, production of such information is only a … necessary, but not a sufficient condition for better decision-making. One also has to secure that this information is used … quality is not only affected by content and quality of information, but also by the way how it is communicated and perceived …
Persistent link: https://www.econbiz.de/10011723025
This paper investigates how local jurisdictions in a federal system influence each other in the adoption of policy innovations. We look at school districts in Michigan and their participation in a public school choice program launched in 1996. Districts' participation decisions are modelled as...
Persistent link: https://www.econbiz.de/10010297425
This paper uses factor models to identify and estimate distributions of counterfactuals. We extend LISREL frameworks to a dynamic treatment effect setting, extending matching to account for unobserved conditioning variables. Using these models, we can identify all pairwise and joint treatment...
Persistent link: https://www.econbiz.de/10010274215
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We show that, when school quality is measured by the educational standard and attaining the standard requires costly effort, secondary education needs not be a hierarchy with private schools offering better quality than public schools, as in Epple and Romano, 1998. An alternative configuration,...
Persistent link: https://www.econbiz.de/10010261149
This paper develops a multi-period model, in which workers are matched with jobs according to imperfect educational signals and in which their subsequent productivities depend on both their inherent ability and on the quality of the job match. It outlines a sequential process, in which underpaid...
Persistent link: https://www.econbiz.de/10010261976
) industry. I present an empirical discrete-choice model of limited information on the part of consumers, where advertising …
Persistent link: https://www.econbiz.de/10010263301