Explaining Increases in Higher Education Costs
This paper presents new evidence on the conflict between two competing explanations of the increase in college costs, the cost disease theory of William Baumol and William Bowen and the revenue theory of cost of Howard Bowen. Using cross section data, the paper demonstrates that the cost disease explanation dominates.
|Date of creation:||04 Sep 2006|
|Date of revision:|
|Contact details of provider:|| Postal: P.O. Box 8795, Williamsburg, VA 23187-8795|
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