ERIC Number: ED449719
Record Type: RIE
Publication Date: 1999-Aug
Cost, Price and Public Policy: Peering into the Higher Education Black Box. New Agenda Series[TM], Volume 1, Number 3.
Stringer, William L.; Cunningham, Alisa F.
This report contains a conceptual framework for analyzing costs and prices by evaluating the higher education production function and the determinants of both prices and costs. The framework can be used to strengthen understanding of costs and prices within individual institutions and to inform macro level investments at state and national levels. Despite the breadth of choices in higher education, average costs differ in somewhat predictable ways, by level of instruction, discipline or field, and institutional type and control. Any analysis of price structures must incorporate subsidies and strategies for differential pricing. There are differentials in sticker prices based on residency status, level of instruction, and institutional type and control. Price-to-cost ratios developed in this report point to broad trends across institutions. In spite of differences in missions and resources across institutions, categories of institutions exhibit somewhat consistent pricing and cost patterns. The analyses in this report suggest that greater use of available data will enhance understanding of cost and price structures within higher education to help institutions ensure that their financing decisions are compatible with institutional goals. (Contains 17 figures, 58 endnotes, and 51 references.) (SLD)
Publication Type: Information Analyses
Education Level: N/A
Authoring Institution: USA Group, Inc., Indianapolis, IN.; Institute for Higher Education Policy, Washington, DC.
Note: "With Jamie P. Merisotis, Jane V. Wellman, and Colleen T. O'Brien."