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Why Can't a College be More Like a Firm?

  • Gordon C. Winston

A sophisticated and widespread intuition is supported by our experience with business firms. And it is confirmed, influenced, and expanded by the formal microeconomic analysis of those firms and their markets. This paper asks if that theory and intuition are helpful for understanding colleges and universities and the higher education “industry.”

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File URL: http://sites.williams.edu/wpehe/files/2011/06/DP-42.pdf
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Paper provided by Department of Economics, Williams College in its series Williams Project on the Economics of Higher Education with number DP-42.

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Length: 15 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:wil:wilehe:42
Contact details of provider: Postal: Williamstown, MA 01267
Phone: 413 597 2476
Fax: 413 597 4045
Web page: http://econ.williams.edu
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  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.
  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.
  3. 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.
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