Carnegie Mellon University is a private research institution of higher education that is housed in a city that has undergone, and is still undergoing, the change from a manufacturing hub to a center of knowledge enterprise. Although colleges and universities are part of a local oligopoly, CMU is...

Countries have many different ways of organizing higher education. Because of the high costs of higher education, reform efforts, of which the Bologna Process in Europe is an example, are underway in many places. Even where explicit governmental reform processes are less important, economic...

This article examines the relative costs and benefits associated with experience-based higher education in comparison to traditional lecture-based courses. The spreading of fixed costs that has been heavily relied upon in recent years to slow the accelerating cost of a college education is more...

Most theoretical studies explain tuition discounting for high ability students through competition between colleges. This paper highlights an important and previously unrecognized avenue for tuition discounting Ð asymmetric information about student attributes, such as academic ability and...

In aggregate, state appropriations are the largest revenue source for public higher education in the United States. However, these appropriations have significantly declined over past decades, drawing serious concerns about the potential negative impact on schools and students. This paper...

This paper studies the effect of income tax progressivity on the disproportionate usage of publicly funded higher education. We develop a rational choice model showing that more progressive tax systems increase poorer households' net fiscal benefit, making their children more likely to attend...