Research " Goodwill Write-Downs, SFAS No. 121 and the Adoption of SFAS No. 142 "

Goodwill Write-Downs, SFAS No. 121 and the Adoption of SFAS No. 142 Single crossing ensures that if any family prefers one school quality-price combination to another with lower quality—where quality is q j ≡ x jδ +μ j —all higherincome families do as well; if any family prefers a district to another offering higher quality education, all lower-income families do also. (This is proved in Appendix D.) As in other multicommunity models, the single crossing assumption drives the stratification results outlined below....