Article Abstract:
University decisionmakers are face with a number of decisions where economic methods and models may be useful. These issues include the importance of relative prices, which affect which academic fields universities should choose to focus on. The costs of buildings, and the appropriate level of faculty salaries can also be better understood using economic methods, as can the impact of the end of mandatory retirement. Decisions regarding the usage of space and information collecting can also be made with the aid of economics.
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Article Abstract:
A study was conducted to evaluate the impact of distortions by state policies on the incentive to save for families receiving financial aid for higher education. The established condition of less financial aid for saving has leveled family return to savings below social return. This result generates inefficient intertemporal choices which lead to capital formation losses. Thus, financial aid for dependent students should be based on a more permanent measure of parents' income over long-term wage data.
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Article Abstract:
Expectation damages and specific performance are considered as breach strategies in the execution of noncontingent fixed-price contracts. Properly balanced 'holdup contingencies' make such contracts an efficient investment incentive. Under the monotonic surplus case, such incentives are possible for either remedy type for one of the contracting parties. However, incomplete contracts may generate under-investment for specific assets.
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