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Size matters. The relevance and Hicksian surplus of preferred college class size

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  • Mandel, Philipp
  • Süssmuth, Bernd

Abstract

Abstract The contribution of this paper is twofold. First, we examine the impact of class size on student evaluations of instructor performance using a sample of approximately 1400 economics classes held at the University of Munich from Fall 1998 to Summer 2007. We offer confirmatory evidence for the recent finding of a large, highly significant, and nonlinear negative impact of class size on student evaluations of instructor effectiveness that is robust to the inclusion of course and instructor fixed effects. Beyond that, we run a survey based on the contingent valuation method and a representative sample of all Munich students of management science to quantify the welfare surplus of preferred class size. We find the average monetary value students ascribe to their preferred class size to lie between 5 and 300 Euros per semester and student. In an upper bound scenario, implied Hicksian surpluses can reach values of close to 500 Euros per semester and student.

Suggested Citation

  • Mandel, Philipp & Süssmuth, Bernd, 2011. "Size matters. The relevance and Hicksian surplus of preferred college class size," Economics of Education Review, Elsevier, vol. 30(5), pages 1073-1084, October.
  • Handle: RePEc:eee:ecoedu:v:30:y:2011:i:5:p:1073-1084
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    References listed on IDEAS

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    Cited by:

    1. Bernd Süssmuth, 2012. "The Econometric Analysis of Willingness to Pay for Intangibles with Experience Good Character," Chapters,in: International Handbook on the Economics of Mega Sporting Events, chapter 14 Edward Elgar Publishing.
    2. Bastian Gawellek & Bernd Süssmuth & Daniel Singh, 2016. "Tuition Fees and Instructional Quality," Economics Bulletin, AccessEcon, vol. 36(1), pages 84-91.

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