Signaling, summer camp, and Alchian's model
February 14, 2006
Bryan Caplan thinks the signaling model of education is underrated. Arnold Kling and Robert Lawson prefer the "summer camp" model.
Two years ago I briefly noted Armen Alchian's model of higher education. I found it intriguing then, but if it's true that fewer and fewer college students are dating, it's more questionable.
