This paper considers whether private educational institutions can play an expanded role in helping attain society's objective with respect to the efficiency and equity of the system of post-secondary education. The authors focus on how public subsidies can be used to meet the social objectives...

This paper presents the design of cost effective interventions to protect the environment from excessive pollution in developing countries. The concept of intervention is motivated by the typical explanation for environmental problems in economic theory--external effects. The aim of the paper is...

This paper provides evidence regarding the relative effects of single-sex and coeducational school in enhancing eighth grade mathematics achievement in Thailand. It uses pre and post eighth grade test scores to estimate value added equations for single-sex and coeducational schools. The...

Private interhousehold cash transfers are an important source of income in many developing countries. Although precise transfer patterns are only beginning to be researched, the authors review the preliminary evidence from other studies and conduct original analysis based on the recent Peru...

Sound public policy addresses externalities directly, when possible. Air pollution is best alleviated by policy instruments that internalize the social cost of pollution, making it attractive to reduce emissions. One such instrument might be a tax levied on individual emissions, if they are...

Cost-benefit analysis in education is an important tool in the economists'arsenal. However, it is essential that research, especially on the social benefits of education, make further progress to make cost-benefit more analysis. There is a need for more research on the effects of policy...

In recent years there has been rapidly growing interest in the implications of altruistic preferences for economic behavior. Undoubtedly most of this interest is fueled by altruism's often pivotal role in economic models and policy issues. Yet there is also an emerging consensus that empirical...

Almost by definition, the basis for development is infrastructure - whether services for human infrastructure (health, education, nutrition) or physical infrastructure (transport, energy, water). Although the infrastructure sectors are diverse, what they have in common is that public policy has...