Abstract:The aim of this article is to present a detailed exposition of the theoretical model of the quasi-monopoly of educational systems. Rather than simply understanding private education in opposition to public education, the gathered evidence allows for the design of an equilibrium model that tends to a) maximize private spending as a way to raise the schooling rate, b) generate a private “exit” sector that presents a trade off with the traditional state sector in regards to decision making about the organization … Show more
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