We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...

The aim of this contribution is to evaluate the efficiency of the Czech educational system. If we take into account the fact that investments are made in consideration of future returns, then it holds true that investments in the form of public finances invested in the education system are...