Adam Smith goes to college: an economist becomes an academic administrator

Article Abstract:

University decisionmakers are face with a number of decisions where economic methods and models may be useful. These issues include the importance of relative prices, which affect which academic fields universities should choose to focus on. The costs of buildings, and the appropriate level of faculty salaries can also be better understood using economic methods, as can the impact of the end of mandatory retirement. Decisions regarding the usage of space and information collecting can also be made with the aid of economics.

Management, Universities and colleges, Education, Higher, College administration

---

Is college financial aid equitable and efficient?

Article Abstract:

A study was conducted to evaluate the impact of distortions by state policies on the incentive to save for families receiving financial aid for higher education. The established condition of less financial aid for saving has leveled family return to savings below social return. This result generates inefficient intertemporal choices which lead to capital formation losses. Thus, financial aid for dependent students should be based on a more permanent measure of parents' income over long-term wage data.

Education policy, Higher education and state, Federal aid to higher education, Government aid to higher education

---

Holdups, standard breach remedies, and optimal investment

Article Abstract:

Expectation damages and specific performance are considered as breach strategies in the execution of noncontingent fixed-price contracts. Properly balanced 'holdup contingencies' make such contracts an efficient investment incentive. Under the monotonic surplus case, such incentives are possible for either remedy type for one of the contracting parties. However, incomplete contracts may generate under-investment for specific assets.

Research, Breach of contract, Discharge of contracts, Penalties, Contractual, Contractual penalties

Similar abstracts:

• Abstracts: Commerce with a conscience: corporate control and academic investment. Business ethics as academic field in Africa: its current status
• Abstracts: The challenge of evolutionary economics. Forests and economic welfare
• Abstracts: Better to shop than vote? Commerce with a conscience: corporate control and academic investment. Corporate and public responsibility, stakeholder theory and the developing world
• Abstracts: An overlapping generations model of climate-economy interactions. Factor taxation, income distribution and capital market integration
• Abstracts: Artificial intelligence in economics: truth and dare. Challenges of China's economic system for economic theory

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.