Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education

Higher education is an industry where markets don't clear, prices on average cover less than a third of production costs, the resulting student subsidies are given in strikingly different amounts by different schools, creating a sharply hierarchical market. And an input important to production...

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Veröffentlicht in:	The Journal of economic perspectives 1999, Vol.13 (1), p.13-36
1. Verfasser:	Winston, Gordon C.
Format:	Artikel
Sprache:	eng
Schlagworte:	College students Colleges Colleges & universities Costs Economic costs Economic models Economic theory Economics of education Education Educational services Excess demand Hierarchy Higher education Human capital Non-profit organizations Nonprofit organizations Profit maximization Profits Students Subsidies Symposium: The Economics of Higher Education Transfer pricing Tuition Universities
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