Admission, Tuition, and Financial Aid Policies in the Market for Higher Education
构建了一个高等教育市场均衡模型，同时预测学生择校、助学金、教育支出和成果，并利用高校内价格差异估计结构参数，对研究教育市场政策的学者有参考价值。
We present an equilibrium model of the market for higher education. Our model simultaneously predicts student selection into institutions of higher education, financial aid, educational expenditures, and educational outcomes. We show that the model gives rise to a strict hierarchy of colleges that differ by the educational quality provided to the students. We also develop a new estimation procedure that exploits the observed variation in prices within colleges. Identification is based on variation in endowments and technology. It does not rely on observed variation in potentially endogenous characteristics of colleges such as peer quality measures and expenditures. We estimate the structural parameters using data collected by the National Center for Education Statistics and aggregate data from Peterson's and the National Science Foundation. Copyright The Econometric Society 2006.