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

Johnes, G and Johnes, J (2009) Higher education institutions' costs and efficiency:taking the decomposition a further step. Economics of Education Review, 28 (1). pp. 107-113. ISSN 0272-7757

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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: Journal Article
Journal or Publication Title: Economics of Education Review
Uncontrolled Keywords: /dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
Departments: Lancaster University Management School > Economics
ID Code: 44733
Deposited By: ep_importer_pure
Deposited On: 11 Jul 2011 18:20
Refereed?: Yes
Published?: Published
Last Modified: 16 Sep 2019 00:39
URI: https://eprints.lancs.ac.uk/id/eprint/44733

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