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The College Cost Disease - Higher Cost and Lower Quality (Paperback)
Loot Price: R1,089
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The College Cost Disease - Higher Cost and Lower Quality (Paperback)
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Donate to Against Period Poverty
Total price: R1,109
Discovery Miles: 11 090
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College cost per student has been on the rise at a pace that
matches ? or exceeds ? healthcare costs. Unlike healthcare, though,
teaching quality has declined, and rapidly rising costs and
declining quality are not trends easily forgiven by society. The
College Cost Disease addresses these problems, providing a
behavioral framework for the chronic cost/quality consequences with
which higher education is fraught. Providing many compelling
insights into the issues plaguing higher education, Robert Martin
expounds upon H.R. Bowen?s revenue theory of cost by detailing
experience good theory, the principal/agent problem, and non-profit
status. Reputation competition dominates higher education. Students
and their parents, and public opinion in general, associate higher
tuition with higher quality and greater accolades; price is used as
a proxy for quality only when consumers are uncertain about quality
prior to purchase. Higher education services are the most complex
types of ?experience goods?; a service whose quality can only be
determined after a purchase has been made. Applying formal economic
theory to higher education, Robert Martin examines how and why
attempts to control costs are controversial and the damaging
effects these controversies have on institutions? reputations.
Arguing that the college access problem cannot be solved until
colleges and universities find a way to control their costs, this
book brings to the fore the leading ideas that will bring about
much-needed budgetary reform in higher education.Governing boards,
administrators and faculty members should find much to think on and
learn from here; parents, students, alumni and taxpayers will find
the research and conclusions alarming, though eye-opening.
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