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Does Research Add Value for Undergraduates?

Author

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  • Smith, V. Kerry
  • Horowitz, John K.

Abstract

This paper uses a hedonic model for pricing decisions in non-competitive markets to model the relationship between undergraduate tuition and the characteristics of private universities. The model includes measures of externally funded research, the influence of student aid policies, college and university characteristics, attributes of the student body, and the quality of the faculty. The overall conclusions is that externally funded research reduces tuition after account for faculty quality. The findings should be treated as suggestive because they are based on one year and a small sample.

Suggested Citation

  • Smith, V. Kerry & Horowitz, John K., 1998. "Does Research Add Value for Undergraduates?," Working Papers 98-08, Duke University, Department of Economics.
    • Handle: RePEc:duk:dukeec:98-08
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    Cited by:

    1. Lehmann, Erik & Warning, Susanne, 2002. "Teaching or research? What affects the efficiency of universities," Discussion Papers, Series I 322, University of Konstanz, Department of Economics.

    More about this item

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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