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The problems of how self-interested players can cooperate despite incentives to defect, and how players can coordinate despite the presence of multiple equilibria, are among the oldest and most fundamental in game theory. In this report, we demonstrate that a plausible and even natural...
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In this paper, we explore how the ability of bureaucrats to extract resources from their community may be limited by competition in the local market for public goods. Specifically, we examine intergovernmental aid as a resource bureaucrats seek to control. Intergovernmental aid has been found to...
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An assumption of the post-World War II metropolitan reform movement was that fragmentation of metropolitan regions into multiple local governments was wasteful and inefficient, increasing the cost and size of government. More recently, ‘polycentrists’ have argued that the competition between...
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American school systems have implemented several different kinds of school choice policies, and most of them are controversial. The research literature on various forms of school choice reveals some areas of consensus, but other areas where the results of studies diverge. Consensus results show...
Persistent link: https://www.econbiz.de/10008645618
Skeptics of school choice are concerned that parents, especially low-income ones, will not choose schools based on sound academic reasoning. Many fear that, given choice, parents will sort themselves into different schools along class lines. How-ever, most surveys find that parents of all...
Persistent link: https://www.econbiz.de/10008645871