Estimation of the Demand for Local Public Education under a Kinked Budget Constraint
针对威斯康星学区数据，使用适用于拐点预算约束的最小似然技术估计地方公共教育需求，发现标准方法偏差大、飞纸效应存在，且补助影响与以往研究不同。
Unlike previous studies on the demand for local public education, this paper applies a minimum likelihood technique, developed for a kinked budget constraint, to the case of Wisconsin school districts and carries out simulations. The results indicate that (1) the bias in estimation under standard econometric techniques is substantial, (2) the so-called flypaper effect indeed exists, and (3) the impacts of grants on expenditures and wealth neutrality are different from those obtained by previous studies. Copyright 1990 by MIT Press.