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The College Cost Disease

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  • Robert E. Martin

Abstract

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.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Robert E. Martin, 2011. "The College Cost Disease," Books, Edward Elgar Publishing, number 14179.
    • Handle: RePEc:elg:eebook:14179
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    Cited by:

    1. Robert E. Martin & R. Carter Hill & Melissa S. Waters, 2017. "Baumol and Bowen Cost Effects in Research Universities," Departmental Working Papers 2017-03, Department of Economics, Louisiana State University.
    2. R. Carter Hill & Robert Martin, 2013. "Involuntary and Voluntary Cost Increases in Private Research Universities," Departmental Working Papers 2013-05, Department of Economics, Louisiana State University.

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    Keywords

    Economics and Finance; Education;

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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