Demand and Supply of Public School Quality in Metropolitan Areas: The Role of Private Schools
研究了私立学校如何影响住房市场以及公立学校的供需，发现公立学校质量供给对私立学校竞争有反应，且私立学校入学率会压低房价。
In this paper I investigate the role of private schools in the housing market and in the supply and demand for public schooling. I estimate public school‐quality supply simultaneously with demand, which provides greater confidence in calculated demand elasticities than in single‐equation studies. The price of public schools, private schools, and taxes all appear in the demand estimation and have elasticities of @ndash;0.19, 0.11, and –0.49, respectively. Public school–quality supply is responsive to private‐school competition but not to competition from other public schools. The percentage of school‐aged children attending private schools depresses house values holding public‐schooling outcomes constant.