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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...
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gleichkam. Was jedoch die empirische Beweislage mit Hinblick auf Kreditrationierung im Allgemeinen und die Credit Crunch …
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