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'The' Market for Higher Education: Does It Really Exist?

Author

Listed:
  • Becker, William E.

    (Indiana University)

  • Round, David K.

    (University of South Australia)

Abstract

Higher education, like any other commodity or service, has been viewed in a variety of economic frameworks. Little of this work, however, appears to have made any effort to define carefully the boundaries of the relevant market for higher education, which is the subject of this particular inquiry. Market definition is an essential preliminary step before any academic or policy investigation can properly be made into the forces that determine the behavior of the buyers and sellers of higher education, those who provide inputs into the education process, or those who fund or otherwise subsidize it. The authors spell out the key economic dimensions of a market, and illustrate their relevance for research that seeks to analyze the players and policies in the many distinct domestic and international markets that exist for the inputs and outputs of the higher education sector.

Suggested Citation

  • Becker, William E. & Round, David K., 2009. "'The' Market for Higher Education: Does It Really Exist?," IZA Discussion Papers 4092, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp4092
    as

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    File URL: https://docs.iza.org/dp4092.pdf
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    References listed on IDEAS

    as
    1. Carlton, Dennis W. & Bamberger, Gustavo E. & Epstein, Roy J., 1994. "Antitrust and Higher Education," Working Papers 107, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    2. Wilbert van der Klaauw, 2002. "Estimating the Effect of Financial Aid Offers on College Enrollment: A Regression-Discontinuity Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(4), pages 1249-1287, November.
    3. Clotfelter, Charles T. & Ehrenberg, Ronald G. & Getz, Malcolm & Siegfried, John J., 1992. "Economic Challenges in Higher Education," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226110509, December.
    4. Dennis W. Carlton & Gustavo E. Bamberger & Roy J. Epstein, 1995. "Antitrust and Higher Education: Was There a Conspiracy to Restrict Financial Aid?," RAND Journal of Economics, The RAND Corporation, vol. 26(1), pages 131-147, Spring.
    5. Stacy Berg Dale & Alan B. Krueger, 2002. "Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1491-1527.
    6. Scheffman, David T & Spiller, Pablo T, 1987. "Geographic Market Definition under the U.S. Department of Justice Merger Guidelines," Journal of Law and Economics, University of Chicago Press, vol. 30(1), pages 123-147, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 'The' Market for Higher Education: Does It Really Exist?
      by Liam Delaney in Geary Behaviour Centre on 2009-08-20 00:52:00

    Citations

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    Cited by:

    1. Bralind Kiri, 2016. "An Analysis of Mixed Duopolistic Competition in Higher Education Markets," Investigaciones de Economía de la Educación volume 11, in: José Manuel Cordero Ferrera & Rosa Simancas Rodríguez (ed.), Investigaciones de Economía de la Educación 11, edition 1, volume 11, chapter 17, pages 337-348, Asociación de Economía de la Educación.
    2. Nicolas Gachon, 2013. "Model convergence and the global higher education market: the challenge to U.S. exceptionalism," Dimensión Empresarial, Universidad Autónoma del Caribe, June.

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    More about this item

    Keywords

    competition; efficiencies; market boundaries; markets; higher education; public policy;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • I2 - Health, Education, and Welfare - - Education
    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise

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