Discounts for degrees: external benefits and university fees
The financing of higher education in Australia can be linked with concrete economic benefits, ensuring higher public returns on funds spent. Degree programs should be evaluated for their ability to produce external benefits and a dollar amount affixed to them. Student remittance would then be based on these quantifications. Degree programs should also be monitored to determine if they are being selected by an optimum number of students.
Publication Name: Australian Economic Review
Minimum quality standards and collusion
The implementation of minimum quality standards (MQS) has several effects on markets, social welfare and price collusion. An analysis of the introduction of MQS using a model of duopoly reveals that MQS reduces differentiation in the market, benefits low quality firms by lessening the market share of high-quality firms and increases social welfare. It was also revealed that MQS deters firms from engaging in price collusion.
Publication Name: Journal of Industrial Economics
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