Effects of school choice have not been satisfactorily resolved empirically and theoretically. I provide a theory of school choice. I show that a positive assortive matching between teachers and students maximizes the production of education. Also the production can be augmented by letting...

Effects of school choice have not been satisfactorily resolved empirically and theoretically. I provide a theory of school choice. I show that a positive assortive matching between teachers and students maximizes the production of education. Also the production can be augmented by letting...

Although people constantly search for partners, there are always some ones who are left as singles. This paper provides a simple model to demonstrate that this can happen even in the environment most conducive to partnership, when monitoring infidelity is not perfect. The intuition is that, when...

Although people constantly search for partners, there are always some ones who are left as singles. This paper provides a simple model to demonstrate that this can happen even in the environment most conducive to partnership, when monitoring infidelity is not perfect. The intuition is that, when...