Using transaction data from the Jakarta Stock Exchange, I find three pieces of evidence which indicate that domestic investors have an information advantage over foreign investors. First, foreign investors systematically buy at higher and sell at lower intra-day prices than domestic investors....

This paper examines the strengths and weaknesses of the analogy of higher education to a for-profit industry where schools are seen as firms and students as customers.

Misurderstanding its economic structure will make it more difficult to predict the effects of changes that are sweeping higher education : increasing price competition, the weakening of tenure, taxpayer revolts, new technologies, the reduction in research support, etc. This paper follows...

Three studies tested the hypothese that 1) people know very little about the extent to which colleges and universities subsidize their students and 2) providing people with subsidy information leads them to judge the prices that such schools charge as more reasonble. The results offered...

McPherson and Schapiro analyze data from the American Freshman Surveys of 1980, 1989 and 1993 to determine how family income has affected choice of institution, and how this has varied over time.

Utilizing panel data, we measure the responsiveness of student course choice to grades and asses the impact on the distribution of enrollment across departments of differences in grading policies. We show that grades strongly influence course choice; this influence remains powerful after...