Education management organizations, or EMOs, emerged in the early 1990s in the context of widespread interest in so-called market-based school reform proposals. Wall Street analysts coined the term EMO as an analogue to health maintenance organizations (HMOs). Proponents of EMOs claim that they bring a much needed dose of entrepreneurial spirit…

The merits of a marketplace model for public education have been among the most prominent themes in education policy discussions over the last two decades. Advocates of market approaches to education reform contend that creating a market in educational services will foster competition among providers and thus spur delivery of better services at…