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The Economic Structure of Higher Education : Subsidies, Customer-Inputs, and Hierarchy

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  • Gordon C. Winston

Abstract

Misurderstanding its economic structure will make it more difficult to predict the effects of changes that are sweeping higher education : increasing price competition, the weakening of tenure, taxpayer revolts, new technologies, the reduction in research support, etc. This paper follows Hansmann, James, Rothschild-White, Baku, and Clotfelter, inter alia, to describe the economic structure of higher education and identify its unique characteristics and circumstances.

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File URL: http://sites.williams.edu/wpehe/files/2011/06/DP-40.pdf
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Bibliographic Info

Paper provided by Department of Economics, Williams College in its series Williams Project on the Economics of Higher Education with number DP-40.

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Length: 39 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:wil:wilehe:40

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Keywords: EDUCATION; SUBSIDIES;

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  1. Charles T. Clotfelter & Michael Rothschild, 1993. "Studies of Supply and Demand in Higher Education," NBER Books, National Bureau of Economic Research, Inc, number clot93-1, July.
  2. Charles T. Clotfelter, 1996. "Buying the Best: Cost Escalation in Elite Higher Education," NBER Books, National Bureau of Economic Research, Inc, number clot96-1, July.
  3. Philip J. Cook & Robert H. Frank, 1993. "The Growing Concentration of Top Students at Elite Schools," NBER Chapters, in: Studies of Supply and Demand in Higher Education, pages 121-144 National Bureau of Economic Research, Inc.
  4. Gordon C. Winston & Lewis, E.G., 1996. "Physical Capital and Capital Costs in US Colleges and Universities: 1993," Williams Project on the Economics of Higher Education DP-35, Department of Economics, Williams College.
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