 Market regulationPaul Temple Chapter 14 in Handbook on Higher Education Management and Governance, 2023, pp 203-214 from Edward Elgar Publishing Abstract: The term ‘market’ in relation to the operation and regulation of universities bears a number of meanings. One is the idea that institutions compete among themselves, nationally or internationally, for the best-qualified students, for research funds, and for prestige generally: markets, albeit with various limitations, may be considered to exist in these and other areas. A more recent use of the term refers to state agencies creating ‘quasi-markets’ to inform public-sector resource allocation decisions. In higher education, this may involve cost reduction, but may also be used to widen participation or to concentrate research resources, for example. This use of market-type methods to allocate resources in higher education, and in other areas of public spending, arose in the 1980s and 1990s in several Western countries. It was a reaction to the perceived failure of corporatist approaches to public sector management, aiming at shifting power away from producers and towards consumers. Keywords: Business and Management; Economics and Finance; Education; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20796_14 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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