TY  - RPRT
        AU  - Brunello, Giorgio
AU  - Rocco, Lorenzo
        TI  - Diploma No Problem: Can Private Schools Be of Lower Quality than Public Schools?
        PY  - 2004/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1336
        UR  - https://www.iza.org/index.php/publications/dp1336
        AB  - Motivated by anecdotal as well as econometric evidence from Italy, we ask whether private
schools can provide lower quality than public schools. Using a stylized model of the
education market with sequential entry of a public and a private school, we show that,
depending on the underlying parameters of the model, a market structure with the private
school offering at a positive price lower quality than the public school can be an equilibrium.
The calibrated parameters for Italy suggest the existence of such an equilibrium in the Italian
market for education.
        KW  - private schools
KW  - education
KW  - Italy
        ER  -