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Differences in cost structure and the evaluation of efficiency:the case of German universities

Johnes, Geraint and Schwarzenberger, Astrid (2011) Differences in cost structure and the evaluation of efficiency:the case of German universities. Education Economics, 19 (5). pp. 487-499. ISSN 0964-5292

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    Abstract

    A multiproduct cost function is estimated for German higher education institutions using a panel of data from recent years. The use of panel data allows a random parameter stochastic frontier model to be estimated, and this delivers new insights on the extent to which differences in costs between institutions producing similar vectors of outputs may be due to different cost structures, on the one hand, and efficiency, on the other. The approach used here therefore resembles in some respects the non‐parametric methods of efficiency evaluation, since different loss functions attach to different universities. We report also on measures of average incremental cost of provision and on returns to scale and scope.

    Item Type: Article
    Journal or Publication Title: Education Economics
    Uncontrolled Keywords: stochastic frontier; random parameter models; costs; higher education
    Subjects: UNSPECIFIED
    Departments: Lancaster University Management School > Economics
    VC's Office
    ID Code: 50738
    Deposited By: ep_importer_pure
    Deposited On: 28 Oct 2011 14:47
    Refereed?: Yes
    Published?: Published
    Last Modified: 10 Nov 2014 14:31
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/50738

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