Revenue efficiency in higher education institutions under imperfect competition

Johnes, Geraint and Ruggiero, John (2017) Revenue efficiency in higher education institutions under imperfect competition. Public Policy and Administration, 32 (4). pp. 282-295. ISSN 0952-0767

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Abstract

A number of studies have considered the evaluation of efficiency in higher education institutions. In this paper we focus on the issue of revenue efficiency, in particular ascertaining the extent to which, given output prices, producers choose the revenue maximising vector of outputs. Following Johnson and Ruggiero (2011), we then relax the price taking assumption to consider the case in which the market for some outputs is characterised by monopolistic competition. We evaluate efficiencies for English institutions of higher education for the academic year 2012-13 and find considerable variation across institutions in revenue efficiency. The relaxation of the price taking assumption leads to relatively small changes, in either direction, to the estimated revenue efficiency scores. A number of issues surrounding the modelling process are raised and discussed, including the determination of the demand function for each type of output and the selection of inputs and outputs to be used in the model.

Item Type:
Journal Article
Journal or Publication Title:
Public Policy and Administration
Additional Information:
The final, definitive version of this article has been published in the Journal, Public Policy and Administration, 32 (4), 2017, © SAGE Publications Ltd, 2017 by SAGE Publications Ltd at the Public Policy and Administration page: http://journals.sagepub.com/home/ppa on SAGE Journals Online: http://journals.sagepub.com/
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
79463
Deposited By:
Deposited On:
11 May 2016 14:54
Refereed?:
Yes
Published?:
Published
Last Modified:
09 Apr 2020 02:44