This paper studies a model where student effort and talent interact with parental and teachers' investments, as well as with school system resources. The model is rich, yet sufficiently stylized to provide novel implications. It can show, for example, that an improvement in parental outside...

Grouping students by ability is a controversial issue, and its impacts are likely to depend on the type of tracking students are exposed to. This paper studies a reform that moved French schools from a rigorous tracking system, which assigned students to tracks with significantly different...

In many countries, governments abandoned negotiated methods for allocating public resources among universities, moving towards the adoption of formula-funding models. From a policy perspective, a relevant issue is to correctly design such formulas, to stimulate universities in pursuing better...

Researchers commonly "shrink" raw quality measures based on statistical criteria. This paper studies when and how this transformation's statistical properties would confer economic benefits to a utility-maximizing decisionmaker, for many asymmetric information environments. The presence of an...

Researchers commonly "shrink" raw quality measures based on statistical criteria. This paper studies when and how this transformation's statistical properties would confer economic benefits to a utility-maximizing decisionmaker, for many asymmetric information environments. The presence of an...

Researchers commonly "shrink" raw quality measures based on statistical criteria. This paper studies when and how this transformation’s statistical properties would confer economic benefits to a utility-maximizing decisionmaker across common asymmetric information environments. I develop the...

Researchers commonly "shrink" raw quality measures based on statistical criteria. This paper studies when and how this transformation's statistical properties would confer economic benefits to a utility‐maximizing decision‐maker across common asymmetric information environments. I develop...

This paper studies whether pupil performance gains in autonomous schools in England can be attributed to the strategic exclusion of poorly performing pupils. In England there were two phases of academy school introduction, the first in the 2000s being a school improvement programme for poorly...

The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...