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Higher education institutions' costs and efficiency: taking the decomposition a further step

Johnes, G and Johnes, J (2005) Higher education institutions' costs and efficiency: taking the decomposition a further step. Working Paper. The Department of Economics, Lancaster University.

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    Abstract

    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.

    Item Type: Monograph (Working Paper)
    Uncontrolled Keywords: stochastic frontier ; random parameter models ; costs ; higher education
    Subjects:
    Departments: Lancaster University Management School > Economics
    ID Code: 48808
    Deposited By: ep_importer_pure
    Deposited On: 11 Jul 2011 22:13
    Refereed?: No
    Published?: Published
    Last Modified: 27 Jul 2012 01:15
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/48808

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