1Chapter 3Additional Empirical Studies in Price AnalysisA.Primary (and Secondary) educational marketB.Two-sided market pricing strategyC.Auction marketA: 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) QP = property taxSupply1DemandA supply-demand analysis of primary educational marketTax Incidence?(Per-Pupil School Funding) PSupply2America 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 testsSubsidy: 1: State level, sales tax2. Federal level, NCLB
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