| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP7046
|
| DP7046 Fundamentals at Odds? The US Current Account Deficit and The Dollar |
| [unavailable]
|
| 发表日期 | 2008-11-17
|
| 出版年 | 2008
|
| 语种 | 英语
|
| 摘要 | This paper compares the organisation of the university sector under private provision with the structure which would be chosen by a welfare maximising government. It studies a general equilibrium model where universities carry out research and teach students. To attend university, and earn higher incomes in the labour market, students pay a tuition fee, and each university chooses its tuition fee to maximise the amount of resources it can devote to research. Research bestows an externality on society because it increases labour market earnings. Government intervention needs to balance labour market efficiency considerations -- which would tend to equalise the number of students attending each university -- with considerations of efficiency on the production side, which suggest that the most productive universities should teach more students and carry out more research. We find that government concentrates research more than the private market would, but less than it would like to do if it had perfect information about the productivity of universities. It also allows fewer universities than would operate in a private system. |
| 主题 | Public Economics
|
| 关键词 | Higher education
University sector
|
| URL | https://cepr.org/publications/dp7046
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535883
|
推荐引用方式
GB/T 7714 |
[unavailable]. DP7046 Fundamentals at Odds? The US Current Account Deficit and The Dollar. 2008.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
