Show simple item record

dc.contributor.authorEarl Peter, E.en
dc.date.accessioned2009-05-04T22:06:13Z
dc.date.issued1994-07en
dc.identifier.issn1173-0854en
dc.identifier.urihttps://hdl.handle.net/10182/1036
dc.description.abstractThis 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.language.isoenen
dc.publisherLincoln University. Commerce Division.en
dc.relationThe original publication is available from - Lincoln University. Commerce Division.en
dc.subjectaccreditationen
dc.subjecttertiary educationen
dc.subjecteducation policyen
dc.subjecteconomic analysisen
dc.subjecteducational franchiseen
dc.subjectprofessional servicesen
dc.subjectauditingen
dc.subjecttransaction costsen
dc.subjecthuman behaviouren
dc.titleThe economic rationale of universities : a reconsiderationen
dc.typeDiscussion Paper
dc.subject.marsdenFields of Research::330000 Education::330100 Education Studies::330104 Educational policy, administration and managementen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340202 Environment and resource economicsen
dc.subject.marsdenFields of Research::340000 Economics::340400 Econometrics::340401 Economic models and forecastingen
dc.subject.marsdenFields of Research::350000 Commerce, Management, Tourism and Services::350100 Accounting, Auditing and Accountabilityen
lu.contributor.unitLincoln Universityen
pubs.notesThis paper was presented as an Inaugural Lecture at Lincoln University on 24 May 1994.en
pubs.organisational-group/LU
pubs.publication-statusPublisheden


Files in this item

Default Thumbnail

This item appears in the following Collection(s)

Show simple item record