School districts that vote in favor of property tax levies may signal that they are education-oriented. Through Tiebout sorting and housing developer activity, new residents might move to such communities. New retail development may occur near these new residents, and office firms that rely on...

Education economists have estimated many education production functions but they have not estimated a supply curve of public school quality. In order to estimate the supply of public school quality, the price of a unit of public schooling must be found. Invoking the theory of implicit markets,...

Education economists have estimated many education production functions but they have not estimated a supply curve of public school quality. In order to estimate the supply of public school quality, the price of a unit of public schooling must be found. Invoking the theory of implicit markets,...