Improving the quality of state-funded secondary school education has become a major policy aim in the UK. However, without a valuation of the social benefits derived from public provision of educational services, the rational evaluation of policy to this end is difficult. Utilizing the argument...

This paper considers the informational efficiency of the UK owner-occupied housing market over the period 1991-2001. Original small-area, monthly, quality-adjusted house price index series are developed from raw housing transaction observations for a number of UK counties and cities. These...