THE AWARENESS OF UNDERGRADUATE AND GRADUATE ACCOUNTING STUDENTS TO ETHICAL ISSUES IN INTERNAL AUDITING With several school characteristics over which parents may choose, understanding which schools are chosen and which administrators are rewarded requires a model of residential choice. I build on the framework of so-called multicommunity models in the local public finance literature (Ross and Yinger, 1999), but I introduce a component of school desirability that is exogenous to parental decisions, effectiveness, which is thought of as the portion of schools effects on student performance that does not depend on the characteristics of enrolled students. Parental preferences among districts depend on both peer group and effectiveness,.
