Bounding Private Education

Bounding Best-response Violations in Discriminatory Auctions with Private Values

Deciding whether bidders at auctions are playing a best response is perhaps one of the most fundamental questions faced by empirical workers employing the structural econometric approach. Investigations of this question depend heavily on whether the true valuations of bidders are observed. We develop an approach to bound best-response violations when bidders’ private values are unobserved in mu...

Bounding equilibrium payoffs in repeated games with private monitoring

We provide a simple sufficient condition for the existence of a recursive upper bound on (the Pareto frontier of) the sequential equilibrium payoff set at a fixed discount factor in two-player repeated games with imperfect private monitoring. The bounding set is the sequential equilibrium payoff set with perfect monitoring and a mediator. We show that this bounding set admits a simple recursive...

Skybox Schools: Public Education As Private Luxury

For the past three decades, plaintiffs in hundreds of state and federal court lawsuits have challenged state laws that fund public schools with the local property tax. As socioeconomic segregation remains at extremely high levels across the country, reliance on a tax that is based on the wealth of the property within a school district’s territory produces huge inequality in revenues. As the res...

Returns to Private Education in Peru

Returns to Private Education in Peru The private provision of educational services has been representing an increasing fraction of the Peruvian schooling system, especially in recent last decades. While there have been many claims about the differences in quality between private and public schools, there is no complete assessment of the different impacts of these two type of providers on the la...

Entrepreneurialism and private higher education in Europe