The structure and functioning of the market of higher education in the United States possess distinctive if not puzzling features such as the wide spectrum of institutional arrangements and sources of funding, stark segmentation in levels of selectivity and instructional resources, and high...

This paper develops a statistical discrimination model concerning the second order moment. It is shown that with heterogeneous individuals within a group, this form of statistical discrimination has differential impact on individuals. Specifically a belief that one group has a smaller...

This paper studies the impact of Affirmative Action in a hierarchical education framework, explicitly taking students competition for higher education opportunity into account. Initial racial inequality translates into inferior development opportunity for students in the disadvantaged group,...

The structure and functioning of the market of higher education in the United States possess distinctive if not puzzling features such as the wide spectrum of institutional arrangements and sources of funding, stark segmentation in levels of selectivity and instructional resources, and high...