Competition Between Private and Public Schools, Vouchers, and Peer-Group Effects
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American Economic Association
Competition between Private and Public Schools, Vouchers, and Peer-Group Effects
Author(s): Dennis Epple and Richard E. Romano
Source: The American Economic Review, Vol. 88, No. 1 (Mar., 1998), pp. 33-62
Published by: American Economic Association
Stable URL: http://www.jstor.org/stable/116817 .
Accessed: 01/02/2011 12:55
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CompetitionBetween Privateand Public Schools,
Vouchers, and Peer-GroupEffects
By DENNIS EPPLE AND RICHARD E. ROMANO*
A theoretical and computational model with tax-financed, tuition-free public schools and competitive, tuition-financedprivate schools is developed. Students differ by ability and income. Achievement depends on own ability
American Economic Association
Competition between Private and Public Schools, Vouchers, and Peer-Group Effects
Author(s): Dennis Epple and Richard E. Romano
Source: The American Economic Review, Vol. 88, No. 1 (Mar., 1998), pp. 33-62
Published by: American Economic Association
Stable URL: http://www.jstor.org/stable/116817 .
Accessed: 01/02/2011 12:55
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use.
Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at . http://www.jstor.org/action/showPublisher?publisherCode=aea. .
Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission.
JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.
American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to The
American Economic Review.
http://www.jstor.org
CompetitionBetween Privateand Public Schools,
Vouchers, and Peer-GroupEffects
By DENNIS EPPLE AND RICHARD E. ROMANO*
A theoretical and computational model with tax-financed, tuition-free public schools and competitive, tuition-financedprivate schools is developed. Students differ by ability and income. Achievement depends on own ability