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Modeling the Optimization Problem of a Public University

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  • Philippe Cyrenne
  • Hugh Grant

Abstract

In this paper, we examine the factors that influence the reputation or prestige of a public university. We develop a model of university behavior that indicates how the decisions made by university officials would be chosen in order to maximize their respective reputations. In doing so, we assume that reputation is enhanced by the quality of teaching and research produced as well as the service provided to the community in terms of the provision of publicly funded education services. We argue that the relative weights placed on these intermediate outputs may vary by university type as well as the means of producing them. Given the optimization problem of a university, a number of interesting conditions governing the policy variables chosen by the officials of public universities are obtained.

Suggested Citation

  • Philippe Cyrenne & Hugh Grant, 2012. "Modeling the Optimization Problem of a Public University," Departmental Working Papers 2012-02, The University of Winnipeg, Department of Economics.
  • Handle: RePEc:win:winwop:2012-02
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    File URL: http://economics.uwinnipeg.ca/RePEc/winwop/2012-02.pdf
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    References listed on IDEAS

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    1. Coates, Dennis & Humphreys, Brad R, 2002. "The Supply of University Enrollments: University Administrators as Utility Maximizing Bureaucrats," Public Choice, Springer, vol. 110(3-4), pages 365-392, March.
    2. Gordon C. Winston, 1999. "Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education," Journal of Economic Perspectives, American Economic Association, vol. 13(1), pages 13-36, Winter.
    3. Rothschild, Michael & White, Lawrence J, 1995. "The Analytics of the Pricing of Higher Education and Other Services in Which the Customers Are Inputs," Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 573-586, June.
    4. Borooah, Vani K, 1994. "Modelling Institutional Behaviour: A Microeconomic Analysis of University Management," Public Choice, Springer, vol. 81(1-2), pages 101-124, October.
    5. Charles T. Clotfelter, 1999. "The Familiar but Curious Economics of Higher Education: Introduction to a Symposium," Journal of Economic Perspectives, American Economic Association, vol. 13(1), pages 3-12, Winter.
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    Cited by:

    1. Philippe Cyrenne, 2020. "Elite Universities, Program Capacities and the Student Admission Decision," Departmental Working Papers 2020-02, The University of Winnipeg, Department of Economics.

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