@article{oai:nagoya.repo.nii.ac.jp:00011299, author = {牧野, 智一 and Makino, Tomokazu}, issue = {4}, journal = {経済科学}, month = {Mar}, note = {The purpose of this paper is to compare the levels of educational investments determined by central and local governments, if these investments have the Peer-Group effect, which there exists a difference in the ability to grasp between two governments. It is clarified that (1) the level of educational investments determined by local government depends on the magnitude of the elasticity of marginal benefit from land rents for human capital, where the Peer-Group effect prevails, and (2) the magnitude of the elasticity determines the configuration of the levels of educational investments by the two governments. In addition, the educational investment by the local government might be more ”efficient” than the one by the central government, because of the difference in the ability to grasp the Peer-Group effects.}, pages = {159--171}, title = {中央政府・地方政府の教育投資水準と同僚効果}, volume = {57}, year = {2010} }