COMPETITIVE INVESTMENT IN HIGHER-EDUCATION - THE NEED FOR POLICY COORDINATION

Authors
GRADSTEIN M JUSTMAN M
Citation
M. Gradstein et M. Justman, COMPETITIVE INVESTMENT IN HIGHER-EDUCATION - THE NEED FOR POLICY COORDINATION, Economics letters, 47(3-4), 1995, pp. 393-400
Citations number
14
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
47
Issue
3-4
Year of publication
1995
Pages
393 - 400
Database
ISI
SICI code
0165-1765(1995)47:3-4<393:CIIH-T>2.0.ZU;2-C
Abstract
When aggregate advanced skills determine an economy's capacity to attr act external capital they function as an 'impure' public good. Educati on subsidies are indicated, but Nash equilibrium in education policies yields excessive subsidies if the supply of capital is not elastic.