Mención de calidad: reducing inefficiencies in higher education markets when there are network externalities

• Autores: Elena del Rey Canteli, Xavier Wauthy
• Localización: Investigaciones económicas, ISSN 0210-1521, Vol. 30, Nº 1, 2006, págs. 89-116
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This paper studies the decentralized choice of universities facing the decision to launch a new program at the graduate level (a master or a doctoral program) when students' enrollment decisions are a ected by network e ects. Possible ine ciencies associated to the existence of network externalities on student utility are .rst identi.ed. University competition eliminates some ine ciencies, although not all of them. Under these circumstances, a hallmark certifying the high quality of a program (known in Spain as Mención de Calidad) may prove useful to select the most e cient equilibrium.