English, Article, Journal or magazine article edition: Higher education institutions' costs and efficiency: taking the decomposition a further step Geraint Johnes; Jill Johnes

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Bookmark: http://trove.nla.gov.au/version/59517
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Higher education institutions' costs and efficiency: taking the decomposition a further step
Author
  • Geraint Johnes
  • Jill Johnes
Physical Description
  • preprint
Notes
  • A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost function itself to be distinguished from inter-institutional differences in efficiency. The approach used here therefore resembles in some respects the non-parametric methods of efficiency evaluation. We report also on measures of average incremental cost of provision and on returns to scale and scope.
  • stochastic frontier, random parameter models, costs, higher education
  • RePEc:lan:wpaper:003052
Language
  • English
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