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.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2005
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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.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2006
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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.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2006
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