Demand and Supply of Educational Service: A Case of Liberal Arts Colleges

Builds a model explaining the behavior of the supply and demand for education at U.S. liberal arts colleges. A statistical analysis of 1990-91 data for 338 private liberal arts institutions suggests a perfectly competitive market. Student quantity, costs, test scores, class size, and college ranking...

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Bibliographic Details
Published in:Education economics 1999-08, Vol.7 (2), p.121
Main Authors: Koshal, Rajindar K, Koshal, Manjulika
Format: Article
Language:English
Subjects:
Class Size
Colleges & universities
Competition
Costs
Economic models
Economic theory
Education expenses
Education market
Educational Demand
Educational services
Enrollment Trends
Full Time Equivalency
Higher Education
Institutional Characteristics
Liberal Arts
Liberal Arts Colleges
Mathematical Models
Private Colleges
Religion
Religious organizations
Schools
Scores
Standardized Tests
Statistical Analysis
Students
Subsidies
Supply & demand
Supply and Demand
Tuition
Variables
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Description
Summary:Builds a model explaining the behavior of the supply and demand for education at U.S. liberal arts colleges. A statistical analysis of 1990-91 data for 338 private liberal arts institutions suggests a perfectly competitive market. Student quantity, costs, test scores, class size, and college rankings help explain tuition variations. Contains 27 references. (MLH)
ISSN:0964-5292
1469-5782