Competitive investment in higher education: The need for policy coordination

Mark Gradstein; Moshe Justman

doi:10.1016/0165-1765(94)00554-F

Competitive investment in higher education: The need for policy coordination

Mark Gradstein, Moshe Justman

Department of Economics

Research output: Contribution to journal › Article › peer-review

10 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	393-400
Number of pages	8
Journal	Economics Letters
Volume	47
Issue number	3-4
DOIs	https://doi.org/10.1016/0165-1765(94)00554-F
State	Published - 1 Jan 1995

Keywords

Education subsides
Fiscal competition
Policy coordination

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0165-1765(94)00554-F

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title = "Competitive investment in higher education: The need for policy coordination",

abstract = "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.",

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AU - Justman, Moshe

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Competitive investment in higher education: The need for policy coordination

Abstract

Keywords

ASJC Scopus subject areas

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