A sophisticated and widespread intuition is supported by our experience with business firms. And it is confirmed, influenced, and expanded by the formal microeconomic analysis of those firms and their markets. This paper asks if that theory and intuition are helpful for understanding colleges...

Data on institutional saving in US higher education have not been available until now yet they are useful in several ways. They describe how various types of schools are doing financially, and whether their present behavior is sustainable. They complete the picture of sources and uses of revenue...

Data from a panel of 2,269 colleges and universities track the major changes in educational costs, prices, subsidies, and financial aid over the seven eventful years from 1986-87 to 1993-94.

Using data generated for a study of student subsidies (in WPEHE Discussion Paper No. 32), this paper reports on the distribution of capital stocks and the costs of capital services in 2700 colleges and universities in 1991. The $330 billion in physical capital estimated for these institutions...

This paper reports on the distribution of capital stocks and the costs of capital services in 3148 colleges and universities in 1993.

This paper describes the economic structure of a college or university, presents national data on the size and distribution of student subsidies, and demonstrates the often-perverse effects they create for public policies and expectations that ignore them.

Misurderstanding its economic structure will make it more difficult to predict the effects of changes that are sweeping higher education : increasing price competition, the weakening of tenure, taxpayer revolts, new technologies, the reduction in research support, etc. This paper follows...