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ERIC Number: ED429340
Record Type: Non-Journal
Publication Date: 1998
Pages: 20
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Educational Alliances, Property Rights and Trust: Issues of Transaction Costs in the Transfer of Credit.
Girton, Kathryn M.
Using transaction-cost economics as a theoretical lens, this paper analyzes educational alliances, which are agreements between educational organizations, such as those between 2-year and 4-year colleges. Transaction costs are those costs associated with the movement of course-credit hours across different institutional environments. The report suggests that standard cost-benefit analyses, as offered by standard economic models, do not serve well the purposes associated with transfer and articulation and that decision-making processes affecting student transfers are foremost about cost minimization and not about student welfare. Part 1 of the paper discusses the Utah System of Higher Education's transfer policy and the decision-making parameters that influenced the formation of this policy. Part 2 provides a brief explanation of transaction-cost economics as outlined by Williamson. The paper focuses on state-level decision making and the creation of educational alliances, the central components of transfer issues, the debate over intellectual property rights, the presence of trust, education as a trust market, information asymmetry, human costs and life chances, ambiguous and uncertain technology, bounded rationality, opportunism, contrasting assumptions, and implications of cost management. The report states that more research is needed to understand the effects of moving credit hours across institutional environments. Contains 20 references. (RJM)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A