The contents of this document are organized in nine chapters. Chapter One is "An Overview." Chapter Two presents "Seven Alternative Economic Models." Chapter Three discusses "Matching Pupils to Schools." Chapter Four compares "Vouchers and Other State Plans for Aiding Private Schools." Chapter Five describes "The Demonstration Project: Specifications and Evaluation." Chapter Six discusses "Four Additional Economic Models," which have come up most often in discussions with educators, legislators and community groups. Chapter Seven discusses "Identifying Children with Special Educational Needs," focusing on the technical problems of determining the value of vouchers for particular students, asssuming vouchers vary in value according to educational "need." Chapter Eight, "Problems in Matching Pupils to Schools," examines in detail the prevention of segregation, the need for excess capacity in a voucher system, late applicants and running a lottery. Chapter Nine, "Problems in a Demonstration," focuses on problems unique to a demonstration; viz. problems of phasing into a voucher system, the financial consequences of a demonstration for the public schools, schools that want to fill only a fraction of their places with voucher students, financial arrangements with parochial schools, and alternative structures for an educational voucher agency. [For the preliminary report, see ED 040265.] (Author/JM)