The supply of formal childcare has expanded in many developed countries. However, there is ambiguity in the theory whether the entry of care providers increases consumers' surplus in a market with differentiated services, such as childcare. This study empirically investigates how perceived search costs and parental life satisfaction change when actual childcare availability is altered. It exploits the new panel data from Australia on the number of center-based childcare places per 100 children...[Show more]
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