Tag
school_supply
2 findings
EducationShort-Run Capacity Externality DynamicsModel proves negative externalities on non-recipients are confined to short-run capacity bottlenecks and fixed-cost reallocations, whereas long-run free market entry eliminates negative welfare impacts if vouchers equal or stay below public per-student costs.Expert TheoryEducationSupply-Side Voucher Market EntryIssuing over 125,000 vouchers to low-income secondary students induced supply-side market entry, resulting in the creation of new private schools to absorb voucher demand.Observational Study