NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Paul Courant

Harold T. Shapiro Collegiate Professor of Public
Policy, Arthur F. Thurnau Professor,
Professor of Economics and of Information
Gerald R. Ford School of Public Policy
University of Michigan
4126 Weill Hall
Ann Arbor, MI 48109-3091

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NBER Working Papers and Publications

January 2017Faculty Deployment in Research Universities
with Sarah Turner: w23025
Deploying faculty efficiently (or more efficiently) should surely part of any optimizing strategy on the part of a college or university. Basic microeconomics about the “theory of the firm” provide some insight as to how a university would achieve productive efficiency given differences in the price (salary rate) of faculty across disciplines and variation in compensation within departments. The prices of faculty activities demonstrate substantial variation across institutions, disciplines, within disciplines and over time. These observations about variation in input prices raise fundamental questions about whether and, if so, how differences in the cost of faculty affect resource allocation at research universities. We examine how teaching allocations and costs vary both between departme...

Forthcoming: Faculty Deployment in Research Universities, Paul N. Courant, Sarah Turner. in Productivity in Higher Education, Hoxby and Stange. 2017

Faculty Deployment in Research Universities
with Sarah Turner
in Productivity in Higher Education, Caroline M. Hoxby and Kevin Stange, editors
Deploying faculty efficiently (or more efficiently) should surely part of any optimizing strategy on the part of a college or university. Basic microeconomics about the “theory of the firm” provide some insight as to how a university would achieve productive efficiency given differences in the price (salary rate) of faculty across disciplines and variation in compensation within departments. The prices of faculty activities demonstrate substantial variation across institutions, disciplines, within disciplines and over time. These observations about variation in input prices raise fundamental questions about whether and, if so, how differences in the cost of faculty affect resource allocation at research universities. We examine how teaching allocations and costs vary both between departme...
November 1975On the Measurement of Benefits in an Urban Context: Some General Equilibrium Issues
with Daniel L. Rubinfeld: w0114
The validity of using local market data to measure the benefits associated with policies adopted in an urban area is investigated .It is shown that the rest of the world is affected by taxing decisions undertaken in a single urban area, so that local data cannot perfectly measure the welfare effects of a policy change. Specifically, the fact that the willingness to pay for a tax increase is positive in the rest of the world suggests that cost-benefit analyses which do not account for the rest of the world may be biased.

Published: Courant, Paul and Daniel L. Rubinfeld. "On the Measurement of Benefits in arban Context: Some General Equilibrium Issues." Journal of Urban Economics,(June 1978), pp. 346-356. citation courtesy of

 
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