Discusses problems of uncertainty and imperfect information that affect organizational choices for schools. Develops two models suggesting that schools, whether public or private, resemble each other while offering diverse curricula and outcomes. Considers the question of institutional choice by applying transaction cost economics to the options…

This collection of essays examines the status of higher education in Latin America and the Caribbean, focusing on historical trends, the administration of universities, and the influence of higher education on the greater society. It reviews the evolution of universities in the area during the 20th century, highlighting the emergence of Latin…