Brunner, Eric J.; Imazeki, Jennifer - Department of Economics, University of Connecticut - 2006
This paper examines who is likely to gain and who is likely to lose under a universal voucher program. Following Epple and Romano (1998, 2003), and Nechyba (2000, 2003a), we focus on the idea that gains and losses under a universal voucher depend on two effects: changes in peer group composition...