Template-Type: ReDIF-Paper 1.0
Author-Name: G Johnes
Author-Name-First: G
Author-Name-Last: Johnes
Author-Name: J Johnes
Author-Name-First: J
Author-Name-Last: Johnes
Title: Higher education institutions' costs and efficiency: taking the decomposition a further step
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.
Creation-Date: 2005
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/HigherEducationInstitutions.pdf
File-Format: application/pdf
Number: 574007
Classification-JEL: 
Keywords: stochastic frontier, random parameter models, costs, higher education
Handle: RePEc:lan:wpaper:574007