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

G Johnes and J Johnes
Authors registered in the RePEc Author Service: Geraint Johnes and Jill Johnes

No 574007, Working Papers from Lancaster University Management School, Economics Department

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.

Keywords: stochastic frontier; random parameter models; costs; higher education (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Higher education institutions' costs and efficiency: Taking the decomposition a further step (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:lan:wpaper:574007

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