By Pedro Teixeira, Ben Jongbloed, Alberto Amaral, David Dill (auth.), Pedro Teixeira, Ben Jongbloed, David Dill, Alberto Amaral (eds.)
This quantity provides the main accomplished foreign dialogue of the function of markets in greater schooling ever released. It displays on either the political and fiscal implications of the emerging development in the direction of introducing industry parts in greater schooling. The publication attracts jointly many major overseas students within the fiscal and coverage research of upper schooling to discover varied theoretical views and current new empirical proof on industry mechanisms in greater schooling in different Western countries.
The authors current a dispassionate and ideologically impartial view of the benefits and drawbacks of the advent of market-mechanisms in greater schooling and of its results when it comes to entry, fairness, caliber of provision, pupil studying, study and scholarship, etc. they usually stability the functionality of markets in better schooling opposed to the choice of extra, or a unique type of, governmental intervention.
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Example text
Absent specific reasons to the contrary, both non-profit and for-profit enterprises will raise prices as high as the market’s ‘invisible hand’ will allow. Both entities practise price discrimination. 5 Anyone who doubts the prevalence of price discrimination should look at America’s deregulated airlines. Non-profits join forprofits in striving to discriminate on price wherever possible, since bigger margins from some customers enable larger cross-subsidies elsewhere in the system. But MARKETS IN HIGHER EDUCATION: DO THEY PROMOTE INTERNAL EFFICIENCY?
This does not change the example’s principles, but it does make it more complicated. This requires that the demand and cost functions meet certain regularity conditions. e. price) and similarly for marginal cost. Hence MR–MC equals contribution margin. The regularity conditions do not require linearity, however. ‘Fixed revenue’ is analogous to ‘fixed cost’ in that it does not vary with changes in output. ) Endowments always produce fixed revenue by this definition. I will address the relation of government appropriations to fixed revenue later.
Sridhar Moorthy. Marketing Models. Englewood Cliffs, NJ: Prentice Hall, 1992. Massy, William F. ). Resource Allocation in Higher Education. Ann Arbor: University of Michigan Press, 1996. Massy, William F. Honoring the Trust: Quality and Cost Containment in Higher Education. Bolton, MA: Anker Publishing Company, Inc, 2003. Mitnick, Barry M. The Political Economy of Regulation; Creating, Designing and Removing Regulatory Reforms. New York: Columbia University Press, 1980. T. 3 (2001): 19–23. Pfeffer, Jeffrey and Gerald R.