University Research and the Market for Higher Education
本文构建了一个模型，说明大学在高等教育市场中为争夺学费和优秀学生而竞争，会内生地决定其研究投入，即使研究对教学的直接贡献很小。模型解释了大学为何用学费资助研究，并发现现有学费政策促进研究，而研究补贴反而挤出研究。
This paper develops a framework in which university research depends endogenously on competition for tuition and talented students in the market for higher education. When students are highly stratified across colleges, or when tuition rises sharply with school rank, universities spend on R&D even if the direct contribution of research to teaching is small. The model is consistent with causal evidence and matches new features of the microdata. It explains why universities internally fund research with tuition, despite negligible returns to patenting. Calibrated simulations suggest that existing tuition policies boost university research while research subsidies crowd it out.