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:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
48808
Deposited By:
Deposited On:
11 Jul 2011 21:13
Refereed?:
No
Published?:
Published
Last Modified:
15 Jul 2020 01:38