We construct an agency-based model of incentive contracting within the education system. We use this framework to evaluate first-best, second-best, and pooling contracts under a variety of assumptions germane to the consolidation of elementary and secondary schools. By introducing a monitoring...

To better understand the degree to which students enrolled in principles of macroeconomics are exposed to fundamental microeconomic concepts, we survey twenty popular textbooks. Using the TUCE guidelines as a framework, we categorize the microeconomic content of the textbooks by topic and amount...