Resumen de Analysis of Private Tutoring Decisions in Korea: A Game Theory Approach
The proliferation of private tutoring (PT) is a major issue in a growing number of countries, Korea being an extreme case. This article explores the causes and consequences of PT in Korea. PT is linked to the existence of a dual higher education system consequence of a dual labour market- through a game theory approach. Families face a situation similar to a prisoner’s dilemma. However, the models presented also show that the country’s large level of investment in PT raises questions about its aggregate efficiency and its impact on economic equality and intergenerational mobility.
