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- W4254135027 endingPage "178" @default.
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- W4254135027 abstract "Abstract Information problems constrain the usefulness of consumer choice about school education, suggesting that the state will continue to provide the bulk of finance for school education and, separately, will continue to be the major provider. In contrast, consumer choice is useful for tertiary education, where consumers are better informed than central planners. This argument is strengthened by the growing diversity of post‐compulsory education and training. These arguments underpin the case for market forces in higher education discussed in detail in Ch. 13. Imperfect information is also a problem in capital markets. Conventional loans (for example, to buy a house), when applied to investment in human capital, present borrowers and, for different reasons, lenders with significant risk and uncertainty." @default.
- W4254135027 created "2022-05-12" @default.
- W4254135027 creator A5091278758 @default.
- W4254135027 date "2001-05-10" @default.
- W4254135027 modified "2023-09-25" @default.
- W4254135027 title "Information Problems" @default.
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- W4254135027 doi "https://doi.org/10.1093/0199246599.003.0011" @default.
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