On the Meaning of Markets in Higher Education

Chapter
Part of the Higher Education: Handbook of Theory and Research book series (HATR, volume 28)

Abstract

We provide a review of the ways in which the concept of markets has been – and could be – applied to higher education. We contrast the ways in which the market idea has been applied to higher education by policymakers and academics in general with the economist’s textbook definition and perspective on markets as they apply to profit-making firms. We focus on the attributes of markets in higher education (specifically, how higher education services are priced and bundled for consumers), with specific attention given to a detailed exploration of the various markets that exist within the higher education industry in the United States. We examine how to identify the different markets within higher education and the resulting implications for policymakers.

Keywords

High Education Degree Level Postsecondary Institution Scholastic Aptitude Test Integrate Postsecondary Education Data System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2013

Authors and Affiliations

  1. 1.Department of EconomicsIndiana UniversityBloomingtonUSA
  2. 2.Institute of Higher EducationUniversity of GeorgiaAthensUSA

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