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Cost Control, College Access, And Competition In Higher Education |
Robert E. Martin, Ewing T. Boles Professor of Economics, Centre College, US
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| 2005 |
272 pp |
Hardback |
978 1 84376 953 8 |
£69.95 |
on-line discount
£62.96 |
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‘The book provides an interesting blend of conceptual, theoretical, methodological and empirical aspects on costs of higher education that are key to understanding how higher education institutions operate. The author examines in detail the complexities involved in the application of principles of firms to academic institutions, such as pricing, cost functions, product functions, quality, product differentiation, subsidies, competition, technology, risk bearing, etc. The examination of how charity market works, the economic forces that explain the demand for and supply of endowment funds is quite insightful. By emphasizing the public good nature of higher education, the social purpose it serves, the principle of equality in higher education, the principle of social contract, erosion of public trust, etc., while addressing a broad set of standard issues in economics of higher education relating to costs and quality of higher education, the book indeed forms a special reading on the subject.’
– Jandhyala B.G. Tilak, Journal of Educational Planning and Administration
Quality has never been more important for the future of higher education and the economy than it is today. Unfortunately, the decline in student quality is accompanied by costs that are out of control, a governance system that will not permit any reallocation of resources, and a society that expects higher education to address problems that are well beyond its core competencies. In this timely volume, Robert E. Martin presents a thorough treatment of the social contract between those who fund higher education and those who benefit from it.
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Contents: Foreword 1. The Social Contract 2. Foundations 3. Production and Cost 4. The Charity Market 5. An Enterprise Model 6. Price and Product Differentiation 7. College Access 8. Overview References Index
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