Competitive investment in higher education: The need for policy coordination

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• 作者：Gradstein ; Mark ; Justman ; Moshe
• 关键词：Policy coordination ; Fiscal competition ; Education subsidies ; H52 ; H77
• 刊名：Economics Letters
• 出版年：1995
• 出版时间：March, 1995
• 年：1995
• 卷：47
• 期：3-4
• 页码：393-400
• 全文大小：532 K

文摘

When aggregate advanced skills determine an economy's capacity to attract external capital they function as an ‘impure’ public good. Education subsidies are indicated, but Nash equilibrium in education policies yields excessive subsidies if the supply of capital is not elastic.