The results highlight how reliance on noisy signals of student quality can lead to allocative inefficiency.doi:10.1257/app.20150213Avraham EbensteinDepartment of Environmental Economics and ManagementVictor LavyDepartment of EconomicsSefi RothDepartment of Geography and EnvironmentAmerican Economic Association...
The paper refers to the problem of the allocative inefficiency of the state in the funding of the tertiary-level institutions in Croatia and provides an up-to-date contribution for the discussion of the fiscal effects of subsidies, the quality of higher education and the total costs of the ...