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Linking Behavioral Economics, Axiomatic Decision Theory and General Equilibrium Theory This chapter has used the Tiebout choice processthe choice of schoolcharacteristics via housing decisionsas a lens through which to study the strength ofparental preferences for effective schools relative to those for other neighborhood or schoolcharacteristics. Earlier work on Tiebout mobility presumes that parents use their locationdecisions to choose effective schools; one lesson of the analysis here is that the potentialimportance of peer group externalities to community desirability can create coordinationfailures in which ineffective schools are preferred to more effective competitors....
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Research " Linking Behavioral Economics, Axiomatic Decision Theory and General Equilibrium Theory "
