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Endowment Management Based on a Positive Model of the University

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NBER2012-12-01 更新2025-01-04 收录
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I propose a positive model of the university that generates many apparently peculiar features of universities such as endowments and tuition subsidies. The model proposes a specific objective function: a university maximizes its contribution to the intellectual capital of society, valued at social

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2012-12-01
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