Neoclassical theory of consumer behavior posits a static framework for utility maximization from micro perspectives. The consumer is assumed to behave as if he maximizes a utility function subject to a set of non-stochastic restrictions like exogenous prices and predetermined income. Gary Becker...

As the financial health of institutions of higher education become uncertain, a need exists to assess an institution's short and long-term viability. The purpose of this study is to determine whether a model developed by Leslie and Fretwell (1996) could have predicted the fiscal health for a...