The Economic Structure of Higher Education: Subsidies, Customer-Inputs, and Hierarchy

Gordon Winston

No DP-40, Williams Project on the Economics of Higher Education from Department of Economics, Williams College

Abstract: Misurderstanding its economic structure will make it more difficult to predict the effects of changes that are sweeping higher education : increasing price competition, the weakening of tenure, taxpayer revolts, new technologies, the reduction in research support, etc. This paper follows Hansmann, James, Rothschild-White, Baku, and Clotfelter, inter alia, to describe the economic structure of higher education and identify its unique characteristics and circumstances.

Keywords: EDUCATION; SUBSIDIES (search for similar items in EconPapers)
JEL-codes: I21 I22 (search for similar items in EconPapers)
Pages: 39 pages
Date: 1996
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Citations: View citations in EconPapers (3)

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