The six countries of the Gulf Cooperation Council face similar economic and political problems: falling oil revenues, growing budget deficits and increased demands on their foreign resources, a one-sided economic structure and increased pressure by public opinion for political rights. Their...

Countries in which there are two channels of education may have a separating equilibrium in which individuals with high abilities learn in elite universities and individuals with low ability learn in standard ones. Elite universities have higher budgets, better scholars, better labs and a better...