English Abstract: The positive impact that competition has on performance in most industries has been questioned in the education sector. The difficulty to measure competition, the idea that parents don't rationally choose schools for their children, and that schools do not react to that choice...

We propose a model to estimate the private benefits of control (PBC) in control transfer transactions for a broad range of regulatory environments, from private negotiations to mandatory tender offers. Barclay and Holderness (1989) and Dyck and Zingales (2004) Block Premium models are nested as...

This paper uses different methods to evaluate the performance of students of public, subsidized, and private schools; distinguishing among for-profit and non-profit schools.

One of the pillars of the educational voucher system instituted in Chile is that competition among schools to attract students would improve the quality of the education provided. Surveys have suggested that families rank the distance of the school from their home as the most important factor...

In this paper we investigate the effect of class attendance on academic performance, and evaluate the existence and importance of minimum attendance requirement thresholds. We found that attendance has a relevant and statistically significant impact on performance, together with the existence of...

We study school choice within the family, analyzing how birth order, gender, innate talent, and family financial restrictions impact the parents´ decision to prioritize the education of one or more of the children over the rest. We find that parents, particularly from lower income homes, are...

This paper analyze the demand for educational services in a context in which households and schools are heterogeneous. Distance from student’s place of residence to schools is a key component of our model. School quality and household characteristics are also important in- gredients. Our...