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The economics of screening and risk ...

Eckwert, Bernhard,

The economics of screening and risk sharing in higher educationhuman capital formation, income inequality, and welfare /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The economics of screening and risk sharing in higher educationBernhard Eckwert, Itzhak Zilcha.
Reminder of title:	human capital formation, income inequality, and welfare /
Author:	Eckwert, Bernhard,
other author:	Zilcha, Itzhak,
Published:	London, UK :Academic Press,2015.
Description:	1 online resource.
Subject:	Universities and collegesAdmission.
Online resource:	https://www.sciencedirect.com/science/book/9780128031902
ISBN:	9780128031919 (electronic bk.)

The economics of screening and risk sharing in higher educationhuman capital formation, income inequality, and welfare /
Eckwert, Bernhard,

The economics of screening and risk sharing in higher educationhuman capital formation, income inequality, and welfare /[electronic resource] :Bernhard Eckwert, Itzhak Zilcha. - London, UK :Academic Press,2015. - 1 online resource.

Includes bibliographical references and index.

Front Cover; The Economics of Screening and Risk Sharing in Higher Education: Human Capital Formation, Income Inequality, and Welfare; Copyright; Contents; Preface; Chapter 1: Uncertainty and Screening: Preliminary Notions; 1.1 Information System; Favorableness Ordering of Signals: Good News and Bad News; 1.2 Real State and Signal Spaces; 1.3 Informativeness Orderings; 1.3.1 The Blackwell Criterion; Information and Welfare; Real State and Signal Spaces; 1.3.2 The Kim Criterion; 1.3.3 Uniform Signal Distribution ; Appendix to Chapter 1; Chapter 2: Screening Information in Equilibrium.

The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about fund.

ISBN: 9780128031919 (electronic bk.)Subjects--Topical Terms:

397004
Universities and colleges
--Admission.Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: LB2351 / .E25 2015eb

Dewey Class. No.: 378.1/61

The economics of screening and risk sharing in higher educationhuman capital formation, income inequality, and welfare /
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245 1 4 $a The economics of screening and risk sharing in higher education $h [electronic resource] : $b human capital formation, income inequality, and welfare / $c Bernhard Eckwert, Itzhak Zilcha.
260 $a London, UK : $b Academic Press, $c 2015.
300 $a 1 online resource.
504 $a Includes bibliographical references and index.
505 0 $a Front Cover; The Economics of Screening and Risk Sharing in Higher Education: Human Capital Formation, Income Inequality, and Welfare; Copyright; Contents; Preface; Chapter 1: Uncertainty and Screening: Preliminary Notions; 1.1 Information System; Favorableness Ordering of Signals: Good News and Bad News; 1.2 Real State and Signal Spaces; 1.3 Informativeness Orderings; 1.3.1 The Blackwell Criterion; Information and Welfare; Real State and Signal Spaces; 1.3.2 The Kim Criterion; 1.3.3 Uniform Signal Distribution ; Appendix to Chapter 1; Chapter 2: Screening Information in Equilibrium.
505 8 $a 2.1 Value of Information in Exchange EconomiesNull Information; Full Information; A Generalization of the Hirshleifer Example; 2.2 Value of Information in Production Economies; 2.2.1 Complete Risk Sharing Arrangements; 2.2.1.1 Description of the Model; 2.2.1.2 Economic Welfare; 2.2.1.3 The Value of Information in the Absence of Risk Sharing; 2.2.1.4 The Value of Information with Complete Risk Sharing; 2.2.2 Incomplete Risk Sharing Arrangements; Information and Economic Welfare; 2.2.2.1 The Value of Information on the Nontradable Risk; 2.2.2.2 The Value of Information on the Tradable Risk.
505 8 $a Appendix to Chapter 2Chapter 3: Evidence on Higher Education and Economic Performance; 3.1 Higher Education and Economic Development; 3.2 Higher Education and Income Inequality; 3.3 Income Inequality and Growth; 3.4 Credit Constraints in Higher Education; Chapter 4: Screening and Economic Growth; 4.1 Better Screening in a Dynamic Framework; 4.2 Description of the Framework; 4.3 Screening in the Absence of Risk Sharing; 4.4 Screening in the Presence of Risk Sharing; 4.5 Concluding Remarks; Appendix to Chapter 4; Chapter 5: Higher Education Financing.
505 8 $a 5.1 Basic Framework with Multiple Funding Schemes5.1.1 Regime I: Unrestricted Access to Credit Markets; 5.1.2 Regime II: Unrestricted Insurance of Loans; 5.1.3 Regime III: Restricted Insurance of Loans; 5.1.4 Remarks on the Implementation of the Regimes; 5.2 Human Capital Accumulation; 5.3 Welfare Comparison; 5.4 The Effect of Better Screening; 5.4.1 Screening and Human Capital Formation; 5.4.2 Screening and Welfare; Appendix to Chapter 5; Chapter 6: The Role of Government in Financing Higher Education; 6.1 Subsidizing Tuition Versus Subsidizing Student Loans; 6.1.1 The Model.
505 8 $a 6.1.1.1 The Social Investment Optimum6.1.1.2 Individual Behavior and Equilibrium; 6.1.2 Exogenous Subsidization Policies; 6.1.2.1 Subsidizing Student Loans (SL-Subsidy); 6.1.2.2 Subsidizing Tuition Fees (T-Subsidy); 6.1.2.3 Comparing the Subsidization Policies; 6.1.3 Endogenous Subsidization Policies; 6.1.4 Tax-Deductible Investment; 6.1.5 Policy Implications; 6.2 Should Diverse Funding Schemes Coexist in Higher Education?; 6.2.1 The Model; Funding Structure and Individual Behavior; 6.2.1.1 Credit Funding Equilibrium (CRE); 6.2.1.2 Equilibrium with Funding Diversity (FDE).
520 $a The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about fund.
588 0 $a Online resource; title from PDF title page (ScienceDirect, viewed May 20, 2015).
650 0 $a Universities and colleges $x Admission. $3 397004
650 0 $a Education, Higher $x Economic aspects. $3 210549
655 4 $a Electronic books. $2 local. $3 214472
700 1 $a Zilcha, Itzhak, $e author. $3 872665
856 4 0 $u https://www.sciencedirect.com/science/book/9780128031902