Assuming homogeneous agents guides us to the results that private provisioning of education is better but by incorporating heterogeneous income distribution along with progressive rates of taxation can modify what we know?
Izolda Chiladze Mam, I want to ask whether results that we got under homogeneous agents will differ from that of agents with heterogeneous incomes? And can progressive taxation be a way to help poor households attain education by putting lesser pressure on their earning?