The literature on the effect of globalization national regulatory standards tends to focus on one of two patterns, regulatory races to the bottom or upwards harmonization of regulatory standards. Neither pattern is well supported by empirical findings, particularly with respect to industries...

A simple Tiebout model is presented where states provide university education to both immobile and mobile students. State governments choose the quality of public universities by trading off the value of education for the local immobile student population and the costs, net of tuition revenues,...