3 ms·
That’s right, but the schools themselves are not participating in the market feedback forces, their quality distribution is random (or worse). This very observ
by atemerev 4y ago
That’s right, but the schools themselves are not participating in the market feedback forces, their quality distribution is random (or worse).
This very observation is telling us that the entire system is outside the market (why, for example, people from other locations cannot choose this particular school if it is better than others?)