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CHAP11_Presentation

CHAP11_Presentation - Additional Empirical Studies in Price...

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1 Chapter 3 Additional Empirical Studies in Price Analysis A. Primary (and Secondary) educational market B. Two-sided market pricing strategy C. Auction market A: Primary educational market (public schools) Why do we pay property tax? Why do we pay sales tax? What is the purpose of federal education funding, e.g., the No Child Left Behind Act? ($25 billion in 2008) Q: what factors determine student performance? 0 (Standardized Test Score) Q P = property tax Supply1 Demand A supply-demand analysis of primary educational market Tax Incidence? (Per-Pupil School Funding) P Supply2 America has the best higher education system in the world though the poor academic performance of pupils is substandard as measured by mathematics and science international tests Subsidy: 1: State level, sales tax 2. Federal level, NCLB
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