We study the effect of economic fluctuations on investment in higher education for a wide range of countries. Our main focus is foreign students who come to the United States to attend university. There is a strong relation between enrollment and the business cycle in the sending country. The...

This paper presents a test to discriminate among collusive and competitive behavior by producers of exhaustible resources. In contrast to previous studies (Griffin, 1985; Jones, 1990), which are based on static models, our approach is based on of the dynamic implications of the optimization problem...