Education and Borrowing Constraints: Tests vs. Prices
收藏NBER1998-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6588
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资源简介：
This paper examines the properties of exams and markets as alternative allocation devices under borrowing constraints. Exams dominate markets in terms of matching efficiency. Whether aggregate consumption is greater under exams than under markets depends on the power of the exam technology; for a
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美国国家经济研究局创建时间：
1998-06-01
