The Market for Essays
AbstractWe investigate the market in bespoke essays from commercial providers which students buy to submit at their University. We conduct choice experiments at 3 universities to investigate students’willingness to enter the market. Half of the sample reveal a willingness to buy. We identify valuations of essays of varying grade and how these values decay as students’ assessments of their own abilities, and the penalty if caught, increase. A choice experiment over monetary gambles yields individual-speci…c risk aversion estimates which signi…cantly a¤ect the probability that a student will buy, as does having English as their …rst language.
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Bibliographic InfoPaper provided by Australian Agricultural and Resource Economics Society in its series 2013 Conference (57th), February 5-8, 2013, Sydney, Australia with number 152195.
Date of creation: Sep 2012
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I21; K42; D81; D82; Marketing; Research and Development/Tech Change/Emerging Technologies; Teaching/Communication/Extension/Profession;
Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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