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The Efficiency of the Supply of Public Education / Theodore C. Bergstrom, Judith Roberts, Daniel L. Rubinfeld, Perry Shapiro.
- Format:
- Book
- Author/Creator:
- Bergstrom, Theodore C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w1901.
- NBER working paper series no. w1901
- Language:
- English
- Subjects (All):
- Education--Costs.
- Education.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1986.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1986.
- Summary:
- The question of whether governments spend too much or too little has been a frequent subject of debate, but has been infrequently analyzed.This paper proposes and then applies a methodology which checks to see whether the "Samuelson condition" for the efficient provision of local public education is satisfied, i.e. whether the sum over the school district of individual marginal rates of substitution between public education and a private numeraire equals the marqinal rate of technical substitution between these two qoods. The econometric methodology uses a micro-based approach to the estimation of marginal rate of substitution functions which accounts for possible biases associated with the selection of school districts by individual households.
- Notes:
- Print version record
- April 1986.
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