Submitted manuscript, 467 KB, PDF document
Research output: Working paper
Research output: Working paper
}
TY - UNPB
T1 - Higher education institutions' costs and efficiency: taking the decomposition a further step
AU - Johnes, G
AU - Johnes, J
PY - 2005
Y1 - 2005
N2 - A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost function itself to be distinguished from inter-institutional differences in efficiency. The approach used here therefore resembles in some respects the non-parametric methods of efficiency evaluation. We report also on measures of average incremental cost of provision and on returns to scale and scope.
AB - A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost function itself to be distinguished from inter-institutional differences in efficiency. The approach used here therefore resembles in some respects the non-parametric methods of efficiency evaluation. We report also on measures of average incremental cost of provision and on returns to scale and scope.
KW - stochastic frontier
KW - random parameter models
KW - costs
KW - higher education
M3 - Working paper
T3 - Economics Working Paper Series
BT - Higher education institutions' costs and efficiency: taking the decomposition a further step
PB - The Department of Economics
CY - Lancaster University
ER -