Chapter 2: The Economics of Vouchers.

Chapter 2 of the book "Vouchers & the Provision of Public Services," is presented. It discusses economic issues related to vouchers and enumerates reasons for using them. It examines non voucher alternatives to problems addressed by vouchers, issues concerning consumers, and extents to which vouchers are cash equivalents. It discusses the effects of a competitive market and choice between voucher programs and public supply.