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Garratt, Rod; Marshall, John M. – Education Economics, 1995
Explores the rationale for college subsidies in most world economies, treating precollege achievement as an insurable risk. Contract theory considers optimum insurance contracts for this risk and views public finance of college education as providing the insurance. The theory yields conditions on optimum taxes and fees. Rationing by…
Descriptors: Academic Achievement, Admission Criteria, College Admission, Consumer Economics
Andrews, William M.; Lillibridge, Fred – 1990
Using 1988-89 financial data, El Paso Community College (EPCC) initiated a study to estimate the economic impact of EPCC on El Paso County and on Texas. Three major expenditure components were used to estimate direct economic impact: college budgetary expenditures; college employee expenditures; and student expenditures. Indirect economic impact…
Descriptors: Community Colleges, Consumer Economics, Economic Development, Economic Factors