1,721,064 research outputs found
Students' Social Origins and Targeted Grading
No full textWe study an economy where a school can target grades according to students'social groups, and privileged students are more likely to obtain a high academic achievement. In this context, we analyse the welfare effects of introducing alternative policies. Banning targeted grading generally maximises welfare, through an increase in the wage of privileged students. This result does not hold though when the proportion of high achievers is large, and labour demand is high. In this case, banning wage discrimination among social groups maximises welfare, through an increase in the wages of underprivileged students
Stability and cooperative solution in stochastic games
No full textThis paper analyses the principles of stable cooperation for stochastic games. Starting from the non-cooperative version of a discounted, non zero-sum stochastic game, we build its cooperative form and find the cooperative solution. We then analyse the conditions under which this solution is stable. Principles of stability include subgame consistency, strategic stability and irrational behaviour proof of the cooperative solution. We finally discuss the existence of a stable cooperative solution, and consider a type of stochastic games for which the cooperative solution is found and the principles of stable cooperation are checked
Over-education and assortative matching in partnerships: A theoretical analysis
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Minimum Quality Standards in Hedonic Markets with Environmental Externalities
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Corporate Social Responsibility and Firm Performance: The Role of Disclosure Strategies.
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