A model of school behavior: tuition fees and grading standards
This paper uses a hybrid human capital / signaling model to study grading standards in schools when tuition fees are allowed. The paper analyzes the grading standard set by a profit maximizing school and compares it with the efficient one. The paper also studies grading standards when tuition fees have limits. When fees are regulated a profit maximizing school will set lower grading standards than when they are not regulated. Credit constraints of families also induce schools to lower their standards. Given that in the model presented competition is not feasible, these results show the importance of regulation of grading standards.
|Date of creation:||16 Oct 2008|
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- Gianni De Fraja & Pedro Landeras, .
"Could Do Better: The Effectiveness of Incentives and Competition in Schools,"
02/11, Department of Economics, University of York.
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Economics of Education Review,
Elsevier, vol. 22(4), pages 343-352, August.
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- Epple, Dennis & Romano, Richard E, 1998. "Competition between Private and Public Schools, Vouchers, and Peer-Group Effects," American Economic Review, American Economic Association, vol. 88(1), pages 33-62, March.
- Betts, Julian R, 1998. "The Impact of Educational Standards on the Level and Distribution of Earnings," American Economic Review, American Economic Association, vol. 88(1), pages 266-75, March.
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