Welfare effects of subsidizing higher education when access and quality are endogenous
Tuition and product quality are determined in cases where subsidies offset inefficiencies. Lower subsidies imply a tradeoff between access and quality. For all quality levels, social welfare increases in the subsidy whenever tuition exceeds the marginal cost.
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NBER Chapters,in: College Choices: The Economics of Where to Go, When to Go, and How to Pay For It, pages 303-354
National Bureau of Economic Research, Inc.
- Michael J. Rizzo & Ronald G. Ehrenberg, 2003. "Resident and Nonresident Tuition and Enrollment at Flagship State Universities," NBER Working Papers 9516, National Bureau of Economic Research, Inc.
- McDuff, DeForest, 2007. "Quality, tuition, and applications to in-state public colleges," Economics of Education Review, Elsevier, vol. 26(4), pages 433-449, August. Full references (including those not matched with items on IDEAS)
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