Research Article
Optimal Educational Investment: Domestic Equity and International Competition
Table 3
Optimal rates of tax and education under various parameter assumptions in the international model with income distribution considerations.
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Model | | | | | | |
| | Nash Cooperative | 0.02 0.02 | 0.02 0.02 | 0.1451 0.1451 | 0.1451 0.1451 | 1.0193 1.0193 | 1.0271 1.0271 |
| | Nash Cooperative | 0.05 0.05 | 0.07 0.06 | 0.2418 0.2418 | 0.2895 0.2665 | 1.0703 1.0703 | 1.0952 1.0955 |
| | Nash Cooperative | 0.09 0.09 | 0.11 0.10 | 0.3480 0.3480 | 0.3894 0.3691 | 1.1458 1.1458 | 1.1934 1.1937 |
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Note. See notes to Table 2.
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