We study a mechanism that gives students the option of paying higher tuition to attend their preferred schools. This seat‐purchasing mechanism is neither strategyproof nor stable. Our paper combines administrative and survey data to estimate students' preferences and conducts welfare analysis....

This paper investigates the effect of class-size reduction on students' academic outcomes, with a particular emphasis on its heterogeneity based on classmates' characteristics. We estimate the causal effects of class-size reduction on students' mathematics and language test scores by controlling...