Historically, the UK system has been one of the most successful in combining excellence with access. However the favorable conditions that British universities and colleges have enjoyed in recent years, associated in large part with the introduction of higher tuition fees in 2006, are coming to...

Introduction / Roger Brown -- Markets and non-markets / Roger Brown -- The impact of markets / Roger Brown -- Markets in the US higher education system: imperfect competition for undergraduates / Christopher C. Morphew and Barrett J. Taylor -- The developing student market in Australian higher...

The current model of corporate governance needs reform. There is mounting evidence that the practices of shareholder primacy drive company directors and executives to adopt the same short time horizon as financial markets. Pressure to meet the demands of the financial markets drives stock...

From the early decades of the twentieth century, a dominant characteristic of the modern “capitalist” corporation, especially in the United States, was the separation of asset ownership in the form of publicly traded shares from allocative control over the corporation's resources by salaried...

Long term forward rates contain information that greatly improves the precision with which expectations of future short rates can be distinguished from risk premia in the term structure. Indeed, in affine models, the slope of the term structure of risk premia for long maturities is very closely...

This paper provides a summary and assessment of the current development of open textbooks and describes a possible direction for future development and funded support of open textbook projects. This paper provides answers to the following questions: Why do we need open textbooks? What are open...