Higher education institutions' costs and efficiency: Taking the decomposition a further step

Geraint Johnes () and Jill Johnes

Economics of Education Review, 2009, vol. 28, issue 1, pages 107-113

Abstract: A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost function itself to be distinguished from inter-institutional differences in efficiency. The approach used here therefore resembles in some respects the non-parametric methods of efficiency evaluation. We report also on measures of average incremental cost of provision and on returns to scale and scope.

Keywords: Stochastic; frontier; Random; parameter; models; Costs; Higher; education (search for similar items in EconPapers)
Date: 2009
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Working Paper: Higher education institutions' costs and efficiency: taking the decomposition a further step (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecoedu:v:28:y:2009:i:1:p:107-113

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