Systém vysokých škol s procedurální racionalitou agentů / University System with Procedural Rationality of Agents [available in Czech only]

Tomas Cahlik () and Jana Marková ()
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Jana Marková: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic, http://ies.fsv.cuni.cz/

No 95, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: The impact of different financing alternatives on dynamic model of the university system is analysed in this paper. Model is agent – based, the reason is that we analyze a system of heterogenous universities instead of a representative university. Heterogeneity of universities is not in strategies they follow but in basic parameters – for example their size. In the model we implicitly assume procedural rationality – either because of bounded rationality or shortage of relevant information. Each university in each period reacts according to simple rules on the difference between the number of applicants and its capacity. In simulation experiments we analyze the impact of three financing alternatives: only tuition fees, combination of tuition fees and government subsidies and only subsidies. Basic result is that the behaviour of models in different situations differs with the financing alternatives and it would be an oversimplification to generalize that some of the financing alternatives is always the best.

JEL-codes: C61 D0 H52 I21 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2005, Revised 2005
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