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ERIC Number: ED046066
Record Type: RIE
Publication Date: 1970-Sep
Pages: 27
Abstractor: N/A
Reference Count: 0
Student Tuition Models in Private and Public Higher Education.
Weathersby, George B.
This paper presents a mathematical model for use in determining student tuition charges at public and private institutions. This model treats higher education as an economic commodity, with the price to the consumer--in the form of tuition--as an algebraic function of supply, demand, and quality. The model provides one set of solutions to such problems as the optimum size and the pricing policy of private institutions, the pricing policies associated with various public objectives, and the extent to which the public sector should subsidize higher education. The model, which is simple and abstract, offers no definitive answers, but does provide a framework for the creation of a rational pricing policy for higher education. (RA)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A
Note: Paper presented at Operations Research Society of America National Meeting (38th, Detroit, Michigan, October 28-30, 1970)