Angelopoulos, Konstantinos (contributor); … - 2008
externalities and public education expenditures, �nanced by distort-
ing taxes, enhance the productivity of private education … minimize the market
imperfection due to human capital externalities. We also expose the
economy to varying degrees of … capital creates externalities. In other words, one agent�s return to
human capital is positively a�ected by the human capital …