Increasing interest in voucher programs and privatizing public schools reveals a commonly-held belief that private schools are better able to produce a quality education. While state and national standards do not directly affect these schools, their private control yields strong student...

This paper uses a two-step methodology to examine the relationship between managerial cost inefficiency and the takeover of U.S. thrifts during a period of market liberalization and widespread takeover activity, 1994 to 2000. In the first stage using stochastic cost frontiers, controllable...