Prices versus exams as student allocation devices

• Autores: Elena del Rey Canteli
• Localización: IX encuentro de economía pública, hacienda y medio ambiente: [Vigo]. 7 y 8 de febrero de 2002, 2002
• Idioma: inglés
• Enlaces
  • Texto completo (pdf)
• Resumen

  • Under certain conditions markets and exams are identically able to generate the optimal allocation of students to schools of different quality. These conditions include the absence of liquidity constraints. But also the share of a common welfare maximizing objective by educational institutions. This paper explores the deviations from optimality implied by the strategic choice of prices and/or exams by competing schools of different quality.