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Veblen’s Economic ‘Model’ of University Behavior

In: The Economic Institutions of Higher Education

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Abstract

Working within the context of the evolutionary-institutional transformation of higher education, the authors trace the development of an economic model by which the behavioral tendencies of modern universities can be evaluated. That model is expanded to provide insights to the following questions: Why do universities compete and how do they develop and implement their competitive strategies? How do universities make critical institutional decisions about operational missions, academic policies, and internal resource allocation? Do universities efficiently and effectively pursue the special social functions assigned to them?

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  • ., 2003. "Veblen’s Economic ‘Model’ of University Behavior," Chapters, in: The Economic Institutions of Higher Education, chapter 6, pages 120-143, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2721_6
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    Economics and Finance; Education;

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