The economic rationale of universities : a reconsideration
dc.contributor.author | Earl, Peter E. | |
dc.date.accessioned | 2009-05-04T22:06:13Z | |
dc.date.issued | 1994-07 | |
dc.description.abstract | This paper is an attempt to make a contribution to current debates about the reform of higher education by using the work of Ronald Coase on 'the nature of the firm' as a framework for considering alternative institutional structures for delivering educational services. Attention is focused particularly on rival ways of coordinating the delivery of educational services and guaranteeing standards. Extreme market-based scenarios involving freelance academics and itemised billing for specific services are contrasted with the present system involving very incomplete contracts for academic employees and 'banquet-style' purchases of degrees by students. Costs and benefits of different institutional structures are examined. The role of academic professionalism in limiting opportunistic behaviour is considered in relation to policies that involve an increase in auditing of tertiary institutions. | en |
dc.identifier.issn | 1173-0854 | en |
dc.identifier.uri | https://hdl.handle.net/10182/1036 | |
dc.language.iso | en | |
dc.publisher | Lincoln University. Commerce Division. | |
dc.relation | The original publication is available from - Lincoln University. Commerce Division. | en |
dc.subject | accreditation | en |
dc.subject | tertiary education | en |
dc.subject | education policy | en |
dc.subject | economic analysis | en |
dc.subject | educational franchise | en |
dc.subject | professional services | en |
dc.subject | auditing | en |
dc.subject | transaction costs | en |
dc.subject | human behaviour | en |
dc.subject.marsden | Marsden::330104 Educational policy, administration and management | |
dc.subject.marsden | Marsden::340202 Environment and resource economics | |
dc.subject.marsden | Marsden::340401 Economic models and forecasting | |
dc.subject.marsden | Marsden::350100 Accounting, Auditing and Accountability | |
dc.title | The economic rationale of universities : a reconsideration | en |
dc.type | Discussion Paper | |
lu.contributor.unit | Lincoln University | |
pubs.notes | This paper was presented as an Inaugural Lecture at Lincoln University on 24 May 1994. | en |
pubs.publication-status | Published | en |
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