The paper focuses on signaling options for managerial talent under different higher education regimes. The educational paths in a sample of top managers of the 100 largest publicly traded companies in the U.S., France and Germany are consistent with our theoretical conjectures. For the singular...

We argue that competition in higher education improves efficiency only if a number of restrictive conditions are fulfilled. We expose their restrictiveness, and we argue that such conditions are unlikely to be fulfilled in Germany or elsewhere in mainland Europe. We believe that claims that...