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Capital Market Failure, Adverse Selection and Equity Financing of Higher Education
Jacobs, Bas; van Wijnbergen, Sweder J.G. - 2005
We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...
Persistent link: https://www.econbiz.de/10010325581
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Capital-Market Failure, Adverse Selection, and Equity Financing of Higher Education
Jacobs, Bas; van Wijnbergen, Sweder J.G. - In: FinanzArchiv : public finance analysis 63 (2007) 1, pp. 1-32
Persistent link: https://www.econbiz.de/10007732193
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Capital Market Failure, Adverse Selection and Equity Financing of Higher Education
Jacobs, Bas; Wijnbergen, Sweder J.G. van - Tinbergen Institute - 2005
We apply theories of capital market failure to ana1yze
Persistent link: https://www.econbiz.de/10005209498
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Capital Market Failure, Adverse Selection and Equity Financing of Higher Education
Jacobs, Bas; Wijnbergen, Sweder J.G. van - Tinbergen Instituut - 2005
We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...
Persistent link: https://www.econbiz.de/10011256826