The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...

Ziel der Untersuchung ist die Entwicklung eines Konzepts für die Studienfinanzierung, das sich sowohl an den normativen Grundlagen wie an den allgemeinen Gestaltungsprinzipien der Sozialen Marktwirtschaft orientiert. Zunächst wird erläutert, welche Leistungen von einer wettbewerblichen...

The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...