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Quality of Education and the Number of Students: A General-Equilibrium Analysis

Abstract : For a closed economy, we analyze the relation between the quality of higher education and the number of students. Within a two-period general-equilibrium model, we derive the optimal education policy – i.e., quality of and access restrictions to higher education – with observable ability, and contrast this with a setting where ability is unobservable and financial instruments are restricted to either taxes or fees. If the number of students increases with quality, then there are too many students with tax financing and the quality level is too low – and vice versa with fee financing. Results are not clear-cut when higher quality leads to a lower number of students.
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https://halshs.archives-ouvertes.fr/halshs-01203167
Contributor : Caroline Bauer <>
Submitted on : Tuesday, September 22, 2015 - 1:54:57 PM
Last modification on : Wednesday, October 14, 2020 - 4:14:03 AM

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Gabrielle Demange, Robert Fenge, Silke Uebelmesser. Quality of Education and the Number of Students: A General-Equilibrium Analysis. Journal of Institutional and Theoretical Economics, Mohr Siebeck, 2015, 171 (3), pp.456-477. ⟨10.1628/093245615X14285667557478⟩. ⟨halshs-01203167⟩

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