Explaining Increases in Higher Education Costs

Robert Archibald () and David H Feldman ()
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Robert Archibald: Department of Economics, College of William and Mary

No 42, Working Papers from Department of Economics, College of William and Mary

Abstract: This paper presents new evidence on the conflict between two competing explanations of the increase in college costs, the cost disease theory of William Baumol and William Bowen and the revenue theory of cost of Howard Bowen. Using cross section data, the paper demonstrates that the cost disease explanation dominates.

Keywords: Higher education costs; cost disease; revenue theory of cost (search for similar items in EconPapers)
JEL-codes: I22 I23 I28 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu
Date: 2006-09-04
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