Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
354800 | Economics of Education Review | 2009 | 7 Pages |
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.
Related Topics
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Authors
Geraint Johnes, Jill Johnes,