Research " MONEY DEMAND IN DEVELOPING COUNTRIES : A DYNAMIC PANEL APPROACH "

MONEY DEMAND IN DEVELOPING COUNTRIES : A DYNAMIC PANEL APPROACH Regardless of parental valuations, then, families always prefer a high-μ house to one with lower μ . Because willingness-topay for a preferred school is increasing in x, equilibrium is unique, with the ranking of districts by effectiveness is identical to that by the income of the resident family.