Caroline Hoxby’s Economic Model – Does It Help Explain “A Tale Out Of School” And Other Behaviors?

Maybe it does.  Here is a link to a paper where Prof. Hoxby (Prof. of Econ. at Bekelely, formerly at Harvard and a MacArthur Fellow) describes two models of of institutions of higher education: http://papers.nber.org/tmp/43484-w19816.pdf The models are described in the first part of the paper.  Prof. Hoxby “…contrast[s] nonselective postsecondary education (NSPE) in which institutions sell fairly standardized […]