When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education
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This paper studies how private equity buyouts create value in higher education, a sector with opaque product quality and intense government subsidy. With novel data on 88 private equity deals involving 994 schools, we show that buyouts lead to higher tuition and per-student debt. Exploiting loan
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美国国家经济研究局创建时间：
2018-09-01
