Investigates the market models available to central government and how intervention in these markets affects the level of choice parents have in deciding how their children are educated. Reviews the interventions by central government in the past few decades and the effect of devolved regional government on the school market. Finds that the greater amount of choice and competition that has formed part of the rhetoric of governments in the UK in the past few decades can only be achieved if all parents have perfect information. Concludes that if genuine choice is to be realised then central government will have to limit the number of non-homogeneous schools in the market and increase the amount of information available to parents through devolving responsibility for providing education to democratically accountable regional assemblies.
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Cite as: Bishop, J. (2003). The microeconomics of education and the effect of government intervention. Poliphony 151 (2003), 13-17.