Resource title

The positional arms race in higher education

Resource image

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Resource description

The market for undergraduate education has many similarities to an arms race. A school?s position – relative to other schools – determines its success in attracting students and student quality. Its position, in turn, is largely determined by the size of its student subsidies, the difference between its educational spending and the net tuition it charges its students (or, much the same thing, how much their students have to pay for a dollar?s worth of educational spending). High-subsidy schools spend the most per dollar of tuition so that ?bargain? attracts the highest quality students. To change its position, a school must spend more or charge less – and find the resources to support it. The positional arms race suggests why competition from a school further down in the hierarchy forces a response more effectively than competition from above and why it?s been typical of higher education that costs rise to reposition, but prices don?t fall.

Resource author

Gordon C. Winston

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23501

Resource license

Adapt according to the presented license agreement and reference the original author.