Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a...

It seems inevitable that universities in Canada will be increasing their reliance on tuition as a source of income. This paper works out an optimal tuition subsidy formula for a full tuition university system where investments in higher-education are treated by the tax system in the same way as...

The authors assess the impact of foreign graduate teaching associates (GTAs) on undergraduate economics instruction where the standard language for the majority of students is English. They find little evidence that foreign GTAs adversely affect grades in economics principles courses or...

This paper develops an original measure of learning in higher education, based on grades in subsequent courses. Using this measure of learning, this paper shows that student evaluations are positively related to current grades but unrelated to learning once current grades are controlled. It...