Welfare effects of subsidizing higher education when access and quality are endogenous |
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| Authors: | Gary Fethke |
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| Affiliation: | a Department of Management Sciences, Tippie College of Business, University of Iowa, Iowa City, United States |
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| Abstract: | Tuition and product quality are determined in cases where subsidies offset inefficiencies. Lower subsidies imply a tradeoff between access and quality. For all quality levels, social welfare increases in the subsidy whenever tuition exceeds the marginal cost. |
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| Keywords: | Tuition Quality Subsidy Welfare |
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