Bernhard Eckwert's Books

The Economics of Screening and Risk Sharing in Higher Education

Human Capital Formation, Income Inequality, and Welfare

By: Bernhard Eckwert,Itzhak Zilcha

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The Economics of Screening and Risk Sharing in Higher Education

Human Capital Formation, Income Inequality, and Welfare

By: Bernhard Eckwert,Itzhak Zilcha

The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students' attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation. - Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being. - Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks. - Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path.

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Page Count

190

Publisher

Academic Press

Published Date

ISBN 10

0128031913

ISBN 13

9780128031919

The Economics of Screening and Risk Sharing in Higher Education

Human Capital Formation, Income Inequality, and Welfare

By: Bernhard Eckwert,Itzhak Zilcha

Write a review Read reviews Take a Quiz Solve Book Puzzle

The Economics of Screening and Risk Sharing in Higher Education

Human Capital Formation, Income Inequality, and Welfare

By: Bernhard Eckwert,Itzhak Zilcha

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Page Count

190

Publisher

Academic Press

Published Date

ISBN 10

0128031913

ISBN 13

9780128031919

Asset Mispricing Due to Cognitive Dissonance

By: Mr.Bernhard Eckwert,Mr.Burkhard Drees

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Asset Mispricing Due to Cognitive Dissonance

By: Mr.Bernhard Eckwert,Mr.Burkhard Drees

The behavior of equity prices is analyzed in a general equilibrium model where agents have preferences not only over consumption but also (implicitly) over their beliefs. To alleviate cognitive dissonance, investors endogenously choose to ignore information that conflicts too much with their ex ante expectations. Depending on the new information that is released, systematic overvaluation and undervaluation of equity prices arise, as well as too much and too little equity price volatility. The distortion in the asset pricing process is closely related to the precision of the information.

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Publisher

INTERNATIONAL MONETARY FUND

Published Date

ISBN 10

1451860285

ISBN 13

9781451860283

Book's by Bernhard Eckwert

The Economics of Screening and Risk Sharing in Higher Education

The Economics of Screening and Risk Sharing in Higher Education

The Economics of Screening and Risk Sharing in Higher Education

The Economics of Screening and Risk Sharing in Higher Education

Asset Mispricing Due to Cognitive Dissonance

Asset Mispricing Due to Cognitive Dissonance

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