Essays in Economics of Education and Econometric Theory PDF Download

Author: Rabovic̆
Publisher:
ISBN: 9789056685782
Category :
Languages : en
Pages : 225

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Author: Vincent Crawford
Publisher: Routledge
ISBN: 1317511069
Category : Business & Economics
Languages : en
Pages : 102

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Book Description
Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, "Learning Behavior and the Noncooperative Equilibrium", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, "A Game of Fair Division", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternatives to existing methods. It studies in detail one such simple method: the classical "divide-and-choose" procedure. This book will be of interest to students of economics.

Author: Emily P. Hoffman
Publisher: W. E. Upjohn Institute
ISBN:
Category : Education
Languages : en
Pages : 200

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Author: Franklin G. Mixon Jr.
Publisher: iUniverse
ISBN: 0595338062
Category : Economics
Languages : en
Pages : 149

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This edited volume contains a collection of essays that reflect a broad area of economic education inquiry ranging from teaching assessment to the philosophy of the classroom. Written by economics scholars from across the nation, this volume presents recent discoveries in presentation, assessment, and other aspects of economic education at colleges and universities in the U.S. These articles represent but a sample of the growing commentary among academics on the importance of effective teaching and economic education scholarship.

Author: Zizhong Yan
Publisher:
ISBN:
Category : Bayesian statistical decision theory
Languages : en
Pages : 388

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Author: Douglas N. Harris
Publisher:
ISBN:
Category : Charter schools
Languages : en
Pages : 300

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Author: Vincent P. Crawford
Publisher:
ISBN: 9781317511045
Category : Electronic books
Languages : en
Pages :

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Book Description
Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, ""Learning Behavior and the Noncooperative Equilibrium"", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, ""A Game of Fair Division"", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternati.

Author: Casey Abington
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The first essay examines the allocation of education spending. Human capital investment in early childhood can lead to large and persistent gains. Beyond this window of opportunity, human capital accumulation is more costly. Despite this, government education spending is allocated disproportionately toward late childhood and young adulthood. The consequences of a reallocation are examined using an overlapping generations model with private and public spending on early and late childhood education. Taking as given the higher returns to early investment, the model shows the current allocation may nonetheless be appropriate. With a homogeneous population, this can hold for moderate levels of government spending. With heterogeneity, this can hold for middle income workers. Lower income workers, by contrast, may benefit from a reallocation. The second essay provides a detailed review of the human capital proxies used in growth regressions. Economic theory and intuition tells us that human capital is important for economic growth, and now most empirical growth studies include a human capital component. Human capital is a complex concept that is difficult to quantify in a single measure. A number of proxies have been proposed, with most focusing on an aspect of education. The consensus is that human capital is poorly proxied. For each of the most commonly used measures, I give a description, discuss trends, summarize the literature and results, compare advantages and disadvantages, and list data sets. This review will serve as a useful reference for any researcher including human capital in a growth regression. The final essay explores the importance of a variety of human capital measures for growth using the Bayesian Averaging of Classical Estimates (BACE) approach proposed by Sala-i-Martin, Doppelhofer, and Miller (2004). BACE combines standard Bayesian methods with the classical approach to address the problem of model uncertainty. A new data set is constructed that includes 35 human capital variables. The analysis shows that multiple human capital measures are robustly significant for growth. Some of these variables are IQ scores, the duration of primary and secondary education, average years of primary education, average years of female higher education, and higher education enrollment.

Author: Clémence Idoux
Publisher:
ISBN:
Category :
Languages : en
Pages : 161

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This thesis is composed of three essays on the economics of education. The first essay is about the heterogeneity of gains from selective school admission. The question of who benefits from selective school enrollment remains controversial. I show that Boston exam schools have heterogeneous effects on achievement. Impact differences are driven primarily by the quality of an applicant's non-exam-school alternative rather than by student demographic characteristics like race. Admission policies prioritizing students with the weakest schooling alternatives have the potential to increase the impact of exam schools on academic achievement. In particular, simulations of alternative admissions criteria suggests schemes that reserve seats for students with lower-quality neighborhood schools are likely to yield the largest gains. The second essay is about understanding the impact of selective school admission screens on segregation in New York City schools. 70 years after \textit{Brown v. Board of Education}, US school districts are still economically and racially segregated. School segregation is especially apparent in NYC, the largest US school district. I analyze the impact of two integration plans which reduced the role of screens in admission in two local NYC school districts. I show that abolishing selective admissions reduced both economic and racial segregation. Amending selective admission criteria also elicits substantial behavioral response from applicants. I find evidence that reducing the role of admission screens leads to White and high-income enrollment losses, which decreases the effect of the plans. On the other hand, applicants' changes in application behavior in response to the reforms increased the plans' impact on segregation. The final essay is about predicting the effect of changes in school admission on students' enrollment. Such predictions are based on estimated student preferences, which in turn are obtained from the ranked order lists they submit. A concern is that an applicant with fixed preferences might submit different lists when faced with different admission criteria. For instance, an applicant could strategically take into account their probability of admission at each school, therefore violating the truthfulness assumption. A solution is to estimate preferences allowing students to strategically choose over all possible lists, but this runs into the curse of dimensionality as the choice space is large. This paper provides a model of applicants' list formation which presumes applicants use a simple heuristic in selecting their lists. In the model, applicants fill their list sequentially, without fully internalizing the dynamic consequences of each choice. Using this simplification, I estimate applicants' preferences, circumventing the dimensionality problem. I leverage an admission reform in NYC to estimate the model. Allowing applicants to deviate from truthfulness affects substantially their estimated preferences.

Author: Mirjam Strupler Leiser
Publisher:
ISBN: 9783866246188
Category :
Languages : en
Pages : 188

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