Risky higher education subsidies

Article Abstract:

The investments in tertiary education in the United States are analyzed. It is concluded that college subsidies improve outcomes substantially relative to the fully decentralized case.

Colleges, Universities, and Professional Schools, Colleges and universities, Administration of Education Programs, Institutional Grants, College & Student Grants NEC, Student financial aid, Student aid, Student assistance programs, Education grants

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Fresh start or head start? uniform bankruptcy exemptions and welfare

Article Abstract:

An incomplete markets model for studying risks and welfare effects involved with uniform bankruptcy.

Financial markets, Financial risk

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An infinite-horizon maximum principle with bounds on the adjoint variable

Article Abstract:

Optimality conditions for tackling infinite-horizon dynamic optimization problems are presented.

Dynamic programming, Mathematical optimization, Optimization theory

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