Mehr Markt im Hochschulbereich: zur Effizienz und Gerechtigkeit von Studiengebühren

A university system has both efficiency and equity objectives. Efficiency requires the adoption of a tuition fee system that maximizes net social benefits. These benefits take two main forms: production benefits and a more diffuse range of benefits to society in general. The equity objective requires the establishment of equality of access. There is reason for believing that a free market system will not achieve either of these objectives. Thus, some form of state intervention in higher education is necessary. The paper shows that both efficiency and equity can be enhanced by the implementation of a tuition fee system supported by student loans.