NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Lawrence White

Stern School of Business
New York University
44 West 4th Street
New York, NY 10012-1126
Tel: 212-998-0880
Fax: 212-995-4218

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NBER Working Papers and Publications

January 1993The University in the Marketplace: Some Insights and Some Puzzles
with Michael Rothschild
in Studies of Supply and Demand in Higher Education, Charles T. Clotfelter and Michael Rothschild, editors
September 1991The University in the Marketplace: Some Insights and Some Puzzles
with Michael Rothschild: w3853
Higher education has many of the attributes of a competitive industry. Many enterprises compete for inputs and sell similar outputs to a great variety of buyers. The competitive perspective has not been much used in the analysis of higher education. In this paper we find such a point of view yields both insights and puzzles. The familiar "stand alone" test from industrial organization casts doubt on the claim that undergraduate education subsidizes graduate education in the large research university; since institutions that sell both graduate and undergraduate education survive in competition with institutions that sell only undergraduate education, the claim of cross subsidization is hard to maintain. We note that the analysis of the use of prices to regulate admission to universities is ...

Published:

1987Mergers and Acquisitions in the U.S. Economy: An Aggregate and Historical Overview
with Devra L. Golbe
in Mergers and Acquisitions, Alan J. Auerbach, editor
 
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