Submitted manuscript, 141 KB, PDF document
Research output: Contribution to Journal/Magazine › Journal article › peer-review
<mark>Journal publication date</mark> | 2010 |
---|---|
<mark>Journal</mark> | Applied Economics |
Issue number | 11 |
Volume | 42 |
Number of pages | 11 |
Pages (from-to) | 1365-1375 |
Publication Status | Published |
<mark>Original language</mark> | English |
A random parameters stochastic frontier model is applied to Italian data in order to evaluate the cost function and efficiency of higher education institutions. The method yields useful information about inter-institutional variation in cost structure and technical efficiency. Returns to scale and scope are evaluated for the typical university, and it is found that these returns are almost ubiquitously decreasing, a finding with clear policy implications.