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.
Volume (Year): 10 (2010)
Issue (Month): 3 ()
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