Access to school has risen dramatically in recent decades, with large gains from reducing costs. Few studies report long-term impacts, however. This paper reports the impact of an educational intervention that reduced out-of-pocket schooling costs for children in poor communities in Kenya by...

In the uniform-price auction with adjustable supply, the seller decides how much to sell after receiving the bids so as to maximize its ex post profit. Given N bidders and adjustable supply, all equilibria of the uniform-price auction lead to price on order 1/N3 below the Walrasian price. By...