The Economic Structure of Higher Education : Subsidies, Customer-Inputs, and Hierarchy
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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- 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.
- Charles T. Clotfelter, 1996. "Buying the Best: Cost Escalation in Elite Higher Education," NBER Books, National Bureau of Economic Research, Inc, number clot96-1.
- 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.
- 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.
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