Education Policies: Equity, Efficiency and Voting Equilibrium
研究大学入学能力测试和学费补贴两种教育干预措施对公平和效率的影响，并分析这些措施在投票中形成的政治经济均衡。
This paper investigates the effects of two specific forms of intervention in the market for education: an ability test for admission to university and a subsidy to tuition fees financed through general taxation. Both these measures enhance equality of opportunity, but their equity and efficiency effects are ambiguous. This ambiguity is reflected in the political economy equilibrium which would emerge as the result of voting on the level of the ability test and of the subsidy.