Itzhak Zilcha – författare

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.

This volume, first published in 1998, presents developments in urban geography, club theory and local public finance, and international trade which contribute to the explanation of the modern opposing trends of integration and segregation. Part I explores the role of transportation costs, crowding, and preferences for a large variety of goods in shaping the main features of urban geography. Part II contains four contributions on fundamental issues associated with the provision of collective goods (club goods and local public goods) using a game-theoretic approach. Part III investigates features of the production, pricing, and consumption of congested public goods. The articles discuss the financing of transportation infrastructure (a special case of a congested public facility) in an intertemporal framework, the efficiency of monopolistic provision of congested public goods, the 'musical-suburbs' problem, and the influence of cessation forces on federations. Part IV covers key tax issues arising in a world where economic borders are gradually being removed.