Empirically estimates a multiple-product fixed total cost function and output relationship for 295 U.S. private liberal-arts colleges. Statistical results suggest that there are economies of scale and scope in higher education. Research at such colleges is not cost-effective. (Contains 31 references.) (MLH)

Reanalyzes H. Thomas's 1980s data, which used teaching group as the unit of analysis and illuminated some institutional disparities in provision of General Certificate of Education (GCE) A-levels. Uses multilevel analysis to focus on individual students in a hierarchical framework. Among the study institutions, school sixth forms appear less…

Applies data envelopment analysis to measure value added in Master of Business Administration education in the United States. Highlights the MBA program as an example of a value-adding process in education, and demonstrates how such programs' efficiency in providing value to students may be evaluated. The top 20 MBA programs resemble the second 20…

Investigates the cost efficiency of British universities, based on a flexible multiproduct cost-function model. UK universities are characterized by increasing returns to scale. Returns to scale in research are increasing for the top and middle university groups and constant for the bottom group. Increasing returns hold for undergraduate teaching…

Applies the literature of bundling, tie-in sales, and vertical integration to higher education. Students are often required to purchase a package of courses, some of which are unrelated to their major. This kind of bundling policy can be utilized as a profit-maximizing strategy for universities exercising a degree of monopolistic power. (12…

Examines production and cost structures of 28 Turkish universities to estimate their economies of scale and scope. Estimates multiproduct cost functions for teaching and research, examining social, health, and engineering sciences departments across 186 college faculties. Average incremental and marginal costs are highest for graduate instruction…

Uses household survey data for 18 Latin American countries to assess earnings differentials by education level and to chart 1980s changes. Introducing cost of education allows private and social rates of return to education investment to be estimated by education level, gender, employment sector, curriculum type, duration. In most countries,…

In an analysis of higher education in Fiji, this study incorporates the tax system in a model of the returns to education. Rather than subsidizing higher education, the public generates a significant financial benefit from its funding of higher education, in addition to profits made by the individual student. Contains 27 references. (MLH)

This paper presents a model of educational production that tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government chooses educational spending to maximize its net…

The effects of relaxed college admission standards vary across students. A relaxed standard may raise the number of graduates but reduces nongraduates' productivity. The effect on the graduation rate is ambiguous, since "marginal" college attendees are less likely to graduate. A lower admission standard reduces performance among students exceeding…

Computes rates of return to education in Singapore for 1980-1994, using the cost-benefit approach. Rates of return varied with education level. Although remaining higher than return rates for secondary education, those for tertiary education were declining. Polytechnic education enjoys the highest social/private return rates. (Contains 40…