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Cost Relationships In Colleges Of Agriculture

Author

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  • Nefstead, Ward E.
  • Gillard, Steve A.

Abstract

This paper examines cost behavior in higher education and colleges of agriculture. The authors have been involved in a multiyear project to determine how enrollment affects costs. The part of the study as summarized in the paper addresses the unique aspects of higher education that affect costs and presents three cost models based upon data from the University of Minnesota. Implications of these models related to average and marginal costs are discussed in relation to economies of size and scale.

Suggested Citation

  • Nefstead, Ward E. & Gillard, Steve A., 2002. "Cost Relationships In Colleges Of Agriculture," 2002 Annual meeting, July 28-31, Long Beach, CA 19677, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19677
    DOI: 10.22004/ag.econ.19677
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    References listed on IDEAS

    as
    1. Thomas A. Garrett, 2001. "Economies of Scale and Inefficiency in County Extension Councils: A Case for Consolidation?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 811-825.
    2. Dolan, Robert C. & Schmidt, Robert M., 1994. "Modeling institutional production of higher education," Economics of Education Review, Elsevier, vol. 13(3), pages 197-213, September.
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