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The Management of Universities; Scottish Economic Society/Royal Bank of Scotland Annual Lecture, 1999

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  • Geraint Johnes

Abstract

This paper surveys the literature concerning the operation of incentive mechanisms within and across higher education institutions. A principal‐agent model of intra‐institution resource allocation is developed, and its implications are compared with some of the resource allocation models currently in operation in British universities. At the inter‐institutional level, the model is adapted to the case where a funding council serves as principal to many agents—the universities. Evidence on the scale and scope economies, and on the technical efficiency of UK universities is presented. It is argued that the received models of resource allocation should be amended so as to encourage the development of the university system in the direction of the sustainable configuration and so as to allow for differences in efficiency across budgetary units.

Suggested Citation

  • Geraint Johnes, 1999. "The Management of Universities; Scottish Economic Society/Royal Bank of Scotland Annual Lecture, 1999," Scottish Journal of Political Economy, Scottish Economic Society, vol. 46(5), pages 505-522, November.
    • Handle: RePEc:bla:scotjp:v:46:y:1999:i:5:p:505-522
    DOI: 10.1111/1467-9485.00145
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    Cited by:

    1. repec:lan:wpaper:1043 is not listed on IDEAS
    2. Torben Schubert & Guoliang Yang, 2016. "Institutional change and the optimal size of universities," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(3), pages 1129-1153, September.
    3. David Mayston, "undated". "Analysing the Research and Teaching Quality Achievement Frontier," Discussion Papers 11/25, Department of Economics, University of York.
    4. Tasso Brandt & Torben Schubert, 2014. "Is the university model an organizational necessity? Scale and agglomeration effects in science," Chapters, in: Andrea Bonaccorsi (ed.), Knowledge, Diversity and Performance in European Higher Education, chapter 8, pages iii-iii, Edward Elgar Publishing.
    5. Torben Schubert, 2014. "Are there scale economies in scientific production? On the topic of locally increasing returns to scale," Scientometrics, Springer;Akadémiai Kiadó, vol. 99(2), pages 393-408, May.
    6. Brandt, Tasso & Schubert, Torben, 2012. "Is the University Model an Organizational Necessity? Scale and Agglomeration Effects in Science," Papers in Innovation Studies 2012/1, Lund University, CIRCLE - Centre for Innovation Research.
    7. E Thanassoulis & G Johnes & J Johnes, 2005. "An analysis of costs in institutions of higher education in England," Working Papers 566942, Lancaster University Management School, Economics Department.
    8. repec:lan:wpaper:1058 is not listed on IDEAS
    9. Jill Johnes, 2006. "Measuring Efficiency: A Comparison of Multilevel Modelling and Data Envelopment Analysis in the Context of Higher Education," Bulletin of Economic Research, Wiley Blackwell, vol. 58(2), pages 75-104, April.
    10. repec:lan:wpaper:1121 is not listed on IDEAS
    11. repec:lan:wpaper:1044 is not listed on IDEAS
    12. Tasso Brandt & Torben Schubert, 2013. "Is the university model an organizational necessity? Scale and agglomeration effects in science," Scientometrics, Springer;Akadémiai Kiadó, vol. 94(2), pages 541-565, February.

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